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722 Clark Street, Evanston,...

Baum Realty Group Brokers Sell Evanston Multifamily Property For $9.16M
SOLDMultiFamily

Baum Realty Group Brokers Sell Evanston Multifamily Property For $9.16M

722 Clark Street, Evanston, Illinois 60201, United States

$9,160,000

$237/SF

Building Size

38,500 SF

Asset Type

MultiFamily

Closing

Dec 3, 2021

AI

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.

Players

Ari Topper

Broker

$34.6M

vol

8 deals

Broker

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

1.73%

Cash-on-Cash

-0.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93