HP Ventures Group Acquires Multifamily Property In Albany Park, Chicago For $11.45M
SOLD
$11,450,000
Illinois
See Similar DealsMultiFamily
Sold 07/15/2021
SOLD
HP Ventures Group Acquires Multifamily Property In Albany Park, Chicago For $11.45M
3634-48 West Montrose Avenue, Albany Park, Chicago, IL, USA
See Similar DealsMultiFamily
Sold 07/15/2021
Summary
ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$610,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$40,679.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$54,278.84
Annual Debt Service$651,346.10
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