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915 W Addison St, Chicago, ...

Updated Oct 29, 2024

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

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

915 W Addison St, Chicago, IL, 60613

$5,400,000

Units

12

Asset Type

MultiFamily

Closing

Nov 20, 2023

About this deal

AI

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

Interra Realty

Broker

$616.1M

vol

74 deals

Broker
HG
Horizon Realty GroupSeller

Chicago 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

2.94%

Cash-on-Cash

-0.84%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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