Baum Realty Group Brokers Sell Evanston Multifamily Property For $9.16M
SOLD
$9,160,000
Illinois
See Similar DealsMultiFamily38,500 SF
Sold 12/03/2021
SOLD
Baum Realty Group Brokers Sell Evanston Multifamily Property For $9.16M
722 Clark Street, Evanston, Illinois 60201, United States
See Similar DealsMultiFamily38,500 SF
Sold 12/03/2021
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$237
Total Square Footage:38,500 SF
Transaction Type:Sale
The multifamily property located at 722 Clark St & 2146 Sherman in Evanston was recently sold for a total price of $9,160,000. The transaction took place on December 3, 2021. The property consists of 47 units, with an average price per unit of $194,894. The total square footage of the property is 38,500, resulting in a price per square foot of $238.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $9,160,000
- Units: 47
- Price per Unit: $194,894
- Total Square Footage: 38,500
- Price per Square Foot: $238
The sale of this multifamily property was facilitated by the brokers Ari Topper, Tyler Dechter, and Owen Wiesner from Baum Realty Group. They represented the parties involved in the transaction, ensuring a successful deal for both the buyer and the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$488,533.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$32,543.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$43,423.07
Annual Debt Service$521,076.88
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