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820-822 Reba Place, Evansto...

Kiser Group Sells Multifamily Property In Evanston For $1.675M
SOLDMultiFamily

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

Matt Halper

Kiser Group

Broker

$47.8M

vol

13 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

9.47%

Cash-on-Cash

-2.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93