Andrean Angelov Of Marcus & Millichap Represents Seller In Sale At 620 Bellwood Ave Bellwood IL
620 Bellwood Ave, Bellwood, IL, 60104
Building Size
—
Asset Type
MultiFamily
Closing
May 21, 2019
AI
The property involved in this transaction is an 18-unit apartment complex located at 620 Bellwood Avenue, Bellwood, IL 60104. It comprises 14 two-bedroom/one-bathroom units and four additional two-bedroom/one-bathroom units. The asset offers ample off-street parking, provides one storage space per unit, and includes an on-site laundry facility. The property is situated within a market experiencing commercial activity and is in proximity to the Bellwood Metra station, approximately one mile to the north, with Pace Bus stops located less than a block north of the building.
Summary of transaction details:
- Property Type: Apartment
- Transaction Amount: Unknown
- Address: 620 Bellwood Ave, Bellwood, IL 60104
- Market: Bellwood
- Seller's Representative: Andrean Angelov - Marcus & Millichap
- Buyer's Representative: Andrean Angelov - Marcus & Millichap
- Other Representatives: Ryan D. Engle - Marcus & Millichap, Samuel M. Antreasian - Marcus & Millichap
Marcus & Millichap successfully facilitated the sale of the property, with Andrean Angelov serving as the seller's representative. Ryan D. Engle and Samuel M. Antreasian, also from the firm’s Chicago Oak Brook office, played key roles in marketing the property and representing the buyer, contributing their expertise to this transaction.
Players
Bellwood 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93