Updated Dec 21, 2023
CRER Sells 6-Unit Multifamily Building In Evanston For $939,000
915 Greenleaf Street, Evanston, IL, USA
$939,000
$208/SF
Building Size
4,500 SF
Asset Type
MultiFamily
Closing
Oct 15, 2021
About this deal
AI
A 6-unit multifamily building located at 915 Greenleaf Ave in affluent Southeast Evanston, IL has been sold for a total sale price of $939,000. The property was listed at the same asking price and received multiple offers before being sold. The transaction was facilitated by broker Steven Rapoport from CRER (Chicago Real Estate Resources).
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $939,000
- Units: 6
- Price Per Unit: $156,500
Steven Rapoport, a broker from CRER, represented the seller in the disposition of the property. In order to attract potential buyers and minimize disruption to the current tenants, Steven implemented a marketing strategy that included the use of Matterport 3D virtual tours to provide a virtual tour experience. This approach helped the seller find the highest and best buyer for the property.
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
16.89%
Cash-on-Cash
-4.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93