Essex Realty Group Facilitates $1.85M Sale Of Skokie Multifamily Property
4854 Elm Street
$1,850,000
Units
1,850,000
Asset Type
—
Closing
Sep 7, 2022
About this deal
AI
This multifamily property located at 4854 Elm St in Skokie comprises 13 units spread across 10,300 square feet. The asset was sold for $1,850,000, translating to a price per unit of $142,308 and a price per square foot of $180.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,850,000
- Units: 13
- Square Footage: 10,300
- Price Per Unit: $142,308
- Price Per Square Foot: $180
Anthony Citriglia and Doug Imber of Essex Realty Group, Inc. represented both the buyer and the seller in this transaction. The property was on and off the market in less than 30 days, showcasing the efficiency of the deal. Congratulations were extended to the team for their involvement in this successful Skokie transaction.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.57%
Cash-on-Cash
-2.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93