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.
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