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
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