Essex Realty Group Facilitates $1.85M Sale Of Skokie Multifamily Property
SOLD
$1,850,000
Illinois
See Similar DealsSold 09/07/2022
SOLD
Essex Realty Group Facilitates $1.85M Sale Of Skokie Multifamily Property
4854 Elm Street
See Similar DealsSold 09/07/2022
Summary
ILLINOIS
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$98,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,572.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,769.94
Annual Debt Service$105,239.33
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