Kiser Group Sells Multifamily Property In Evanston For $1.675M
820-822 Reba Place, Evanston, IL, USA
$1,675,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 11, 2021
AI
A multifamily property located at 820-822 Reba Place in Evanston was recently sold for a price of $1,675,000. The property consists of 12 units, bringing the price per unit to $139,583. The transaction took place on January 12, 2021. The sale was facilitated by brokers Matt Halper, Danny Mantis, and Lee Kiser of Kiser Group.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,675,000
- Address: 820-822 Reba Place
- Market: Evanston
- Units: 12
- Price per Unit: $139,583
Matt Halper, Danny Mantis, and Lee Kiser from Kiser Group were the brokers representing the parties involved in the sale of this multifamily property in Evanston.
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
9.47%
Cash-on-Cash
-2.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93