Updated Oct 28, 2024
North Park Ventures Acquires Multifamily Property In Evanston For $35.3M
605 Hinman Avenue, Evanston, Illinois 60202, United States
$35,300,000
Units
164
Asset Type
MultiFamily
Closing
Aug 3, 2022
About this deal
AI
The multifamily property located at 605-617 Hinman Avenue, 1000-1010 Hinman Avenue, 800-810 Michigan Avenue, 929-935 Michigan Avenue, and 910-916 Judson Avenue in Evanston was recently sold for a total of $35,300,000. The sale took place on 08/04/2022. The property consists of 164 units, with an average price per unit of $215,244.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $35,300,000
- Units: 164
- Price Per Unit: $215,244
The buyer of the property was North Park Ventures, while the seller was Wirtz Residential - Rocky Wirtz.
Players
Evanston 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
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93