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3370 W Brooke Ave

Updated May 12, 2025

Kiser Group Facilitates $4.1M Bulk Condo Sale In Waukegan
SOLD

Kiser Group Facilitates $4.1M Bulk Condo Sale In Waukegan

3370 W Brooke Ave

$4,118,000

Units

4,118,000

Asset Type

Closing

Aug 31, 2022

About this deal

AI

The property involved in this transaction is a multifamily asset located at 3370 W Brooke Ave, Waukegan. The sale price was set at $4,118,000, encompassing 58 units within the building, which consists of a total of 74 units. The total square footage of the property is 43,563, resulting in a price per unit of $71,000 and a price per square foot of $95.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $4,118,000
  • Units: 58
  • Square Feet: 43,563
  • Price Per Unit: $71,000
  • Price Per Square Foot: $95

The transaction was facilitated by brokers Matt Halper and Danny Mantis, representing the seller in this bulk condo sale transaction.

Players

Waukegan CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.85%

Cash-on-Cash

-1.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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