Updated Oct 29, 2024
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
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