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620 Bellwood Ave, Bellwood,...

Andrean Angelov Of Marcus & Millichap Represents Seller In Sale At 620 Bellwood Ave Bellwood IL
SOLDMultiFamily

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:

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

Andrean Angelov

Marcus & Millichap

Broker

$22.9M

vol

17 deals

Broker

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