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Antheus Capital Acquires Multifamily Property In Hyde Park, Chicago For $23.5M

Property Image
SOLD
$23,450,000
Mark Dykstra
Jon Morgan
David Goss
+ 1

Illinois

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MultiFamily3,027 SF
Sold 08/29/2021
the dealplayerscompscontact
Property Image
SOLD

Antheus Capital Acquires Multifamily Property In Hyde Park, Chicago For $23.5M

5801 South Dorchester Avenue, Chicago, IL, USA

See Similar Deals
MultiFamily3,027 SF
Sold 08/29/2021
Mark Dykstra
Jon Morgan
David Goss
+ 1
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$7,746
Total Square Footage:3,027 SF
Transaction Type:Sale

An 86-unit multifamily property located at 5801 S. Dorchester Ave in Hyde Park, Chicago was recently sold for $23,450,000. The buyer, Antheus Capital, acquired the property from the seller, Baptist Theological Union (BTU).

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $23,450,000
  • Units: 86
  • Price Per Unit (PPU): $272,674
  • Market: Hyde Park, Chicago

The sale was facilitated by brokers David Goss, Jon Morgan, Joe Smazal, and Mark Dykstra from Interra Realty, who represented both the buyer and the seller in the transaction.

Players

Joe Smazal
Interra Realty
Joe Smazal
73 deals$596.9M volume
BROKER
David Goss
David Goss
8 deals$133.4M volume
BROKER
Jon Morgan
Interra Realty
Jon Morgan
10 deals$146.8M volume
BROKER
Mark Dykstra
Interra Realty
Mark Dykstra
11 deals$102M volume
BROKER
AC
Antheus Capital
BUYER

Details

SOLD
IMAGE: Joe Smazal, Jon Morgan, Mark Dykstra & David Goss DATE: 08/29/2021 ADDRESS: 5801 S. Dorchester Ave MARKET: Hyde Park, Chicago ASSET TYPE: Multifamily BUYER: Antheus Capital SELLER: Baptist Theological Union (BTU) BROKERS: David Goss, Jon Morgan, Joe Smazal & Mark Dykstra - Interra Realty SALE PRICE: $23,450,000 UNITS: 86 ~ PPU: $272,674

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,250,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$83,312.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$111,164.96
Annual Debt Service$1,333,979.56