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Joe Smazal Of Interra Realty Represents Unknown Buyer In $5.4M Sale By Horizon Realty Group

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SOLD
$5,400,000

Illinois

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MultiFamily
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Property Image
SOLD

Joe Smazal Of Interra Realty Represents Unknown Buyer In $5.4M Sale By Horizon Realty Group

915 W Addison St, Chicago, IL, 60613

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MultiFamily
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Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

A 12-unit apartment building located at 915 W Addison St, Chicago, IL, 60613, has been sold for $5,400,000. The property is situated in Chicago's Wrigleyville neighborhood, in close proximity to Wrigley Field. Originally constructed in 1920, the building has recently undergone substantial capital improvements and was fully leased at the time of the sale.

Summary of transaction details:

  • Property Type: Apartment Building
  • Transaction Amount: $5,400,000.00
  • Address: 915 W Addison St, Chicago, IL, 60613
  • Market: Chicago
  • Seller: Horizon Realty Group
  • Buyer's Representative: Joe Smazal-Interra Realty
  • Seller's Representative: Craig Martin-Interra Realty

The sale involved Joe Smazal representing the buyer, whose identity remains unknown, while Craig Martin represented the seller, Horizon Realty Group. The negotiation was handled by Interra Realty, showcasing their involvement in the local real estate market.

Players

Joe Smazal
73 deals$596.9M volume
BROKER

SELLER

Details

SOLD
IMAGE: 915 W Addison St, Chicago, IL, 60613 MARKET: Chicago BUYER'S REP: Joe Smazal-Interra Realty BUYER: Unknown SELLER: Horizon Realty Group PRICE: $5,400,000.00 SF: 0

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$288,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$19,185.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,598.75
Annual Debt Service$307,185.06