Horizon Realty Acquires Multifamily Property In Edgewater, Chicago For $38.5M
SOLD
$38,500,000
Illinois
See Similar DealsMultiFamily98,800 SF
Sold 08/09/2022
SOLD
Horizon Realty Acquires Multifamily Property In Edgewater, Chicago For $38.5M
5600 North Sheridan Road, Chicago, Illinois 60660, United States
See Similar DealsMultiFamily98,800 SF
Sold 08/09/2022
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$389
Total Square Footage:98,800 SF
Transaction Type:Sale
The multifamily property located at 5600 North Sheridan Road in Edgewater, Chicago, has been sold in a closed transaction for $38,500,000. The property consists of 133 units, with an average price per unit of $289,474. The total square footage of the property is 98,800, with a price per square foot of $390.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $38,500,000
- Units: 133
- Price per Unit (PPU): $289,474
- Square Footage (SF): 98,800
- Price per Square Foot (PPSF): $390
- Market: Edgewater, Chicago
The buyer of the property is Horizon Realty, represented by Danny Michael of the same agency. The seller of the property is Alcion Ventures.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,053,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$136,782.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$182,509.64
Annual Debt Service$2,190,115.70
Is there something missing? Send suggestions