Essex Realty Brokers $6.8M Sale Of Mixed-Use Property In Naperville, Chicago Suburbs
720 North Washington Street, Naperville, Illinois 60563, United States
$6,833,200
$683/SF
Building Size
10,000 SF
Asset Type
Mixed-use
Closing
Dec 10, 2021
About this deal
AI
The recently closed property transaction in Naperville, Chicago Suburbs involved a mixed-use asset located at 720 N. Washington Street. The property consists of eight luxury apartment units and two commercial spaces. The sale, which took place on 12/10/2021, was facilitated by Brian Karmowski of Essex Realty. The property sold for a total price of $6,833,200, resulting in a per unit price of over $683,000.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $6,833,200
- Units: 10
- Price Per Unit: $683,000
It's worth noting that the sale price of over $683,000 per unit highlights the desirability and value of this property.
Naperville Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.32%
Cash-on-Cash
-0.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93