John Greene Real Estate Acquires 16-Acre Land In Lockport For $2.1M
16370 West 159th Street
$2,100,000
Building Size
—
Asset Type
Land
Closing
Oct 13, 2023
About this deal
AI
A 16-acre land property located at 16370 West 159th Street in Lockport was sold for a total of $2,100,000.
Summary of transation details
- Property Type: Land
- Transaction Amount: $2,100,000
- Address: 16370 West 159th Street
- Market: Lockport
- Acres: 16
The buyer in this transaction was represented by Shamus Conneely of John Greene Real Estate, while the seller was represented by Beverly Ruminski of Century 21 Circle.
The land sale at 16370 West 159th Street in Lockport, Illinois sold for $2.1M in 2023. 16370 West 159th Street is classified as Land on Traded. Beverly Ruminski, Shamus Conneely, Century 21, John Greene Real Estate appear on the sale alongside Century 21, John Greene Real Estate. This page is the Lockport, Illinois file for the 16370 West 159th Street land sold: pricing, party profiles, and other closed land comps from the same Lockport sit in the Market section below. Filter that Lockport land set by closing date to see what else sold near 16370 West 159th Street around 2023. Published consideration for 16370 West 159th Street is $2.1M, dated 2023. Cite this John Greene Real Estate Acquires 16-Acre Land In Lockport For $2.1M sale when underwriting similar land product around Lockport, Illinois.
Players
Lockport Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93