Updated Oct 28, 2024
HP Ventures Group Acquires Multifamily Property In Albany Park, Chicago For $11.45M
3634-48 West Montrose Avenue, Albany Park, Chicago, IL, USA
$11,450,000
Units
38
Asset Type
MultiFamily
Closing
Jul 14, 2021
About this deal
AI
The multifamily property located at 3634-48 & 3639-47 W. Montrose Ave in Albany Park, Chicago has been sold for a total of $11,450,000. The property consists of 39 units, resulting in a price per unit (PPU) of $293,590.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $11,450,000
- Address: 3634-48 & 3639-47 W. Montrose Ave, Albany Park, Chicago
- Market: Albany Park, Chicago
HP Ventures Group, represented by Steven Cook, has acquired the property. The sale was facilitated by Joe Smazal from Interra Realty.
On the Map
$11,450,000
MultiFamily
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Players
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.39%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93