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Horvath & Tremblay Brokers Sell Mixed-Use Property In Berwyn, IL For $3.5M

Property Image
SOLD
$3,525,000

Illinois

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Mixed-use40,000 SF
Sold 02/07/2022
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Property Image
SOLD

Horvath & Tremblay Brokers Sell Mixed-Use Property In Berwyn, IL For $3.5M

3419 South Harlem Avenue, Berwyn, Illinois 60402, United States

See Similar Deals
Mixed-use40,000 SF
Sold 02/07/2022
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Summary

ILLINOIS
Asset Type:Mixed-use
Price Per Square Foot:$88
Total Square Footage:40,000 SF
Transaction Type:Sale

A mixed-use property located at 3419 S Harlem Avenue in Berwyn, IL has been sold for $3,525,000. The property consists of 4 retail units and 40 1-bedroom apartments, totaling 44 units. With a total square footage of 40,000, the property was sold at a price per square foot of $88. The transaction took place on February 7, 2022. The property is estimated to have a 7.5% Cap Rate.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $3,525,000
  • Units: 44
  • Price per Unit: $80,114
  • Square Footage: 40,000
  • Price per Square Foot: $88

The sale of this mixed-use property was facilitated by brokers Anthony Spangler, Andrew O'Connell, and John Przybyla from Horvath & Tremblay. Their expertise and representation were crucial in successfully closing the deal.

Players

Anthony Spangler
13 deals$38.7M volume
BROKER

Andrew O'Connell
Horvath & Tremblay
9 deals$27M volume
BROKER

John Przybyla
Horvath & Tremblay
17 deals$45M volume
BROKER

Details

SOLD
IMAGE: Andrew O'Connell, John Przybyla & Anthony Spangler DATE: 02/07/2022 ADDRESS: 3419 S Harlem Avenue MARKET: Berwyn, IL ASSET TYPE: Mixed-use BROKERS: Anthony Spangler (@_Anthony_Spangler_), Andrew O'Connell & John Przybyla - Horvath & Tremblay SALE PRICE: $3,525,000 UNITS: 44 ~ PPU: $80,114 SF: 40,000 ~ PPSF: $88 NOTE: The 44 Unit Mixed Use Property sold for $3,525,000, 4 Retail Units & 40 1 Bedroom Apartments, 7.5% Cap Rate

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$187,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,523.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,710.30
Annual Debt Service$200,523.58