Updated Dec 21, 2023
Baird & Warner Acquires Multifamily Property In Marseilles, IL For $1.38M
1000 Bratton Avenue, Marseilles, IL 61341
$1,380,000
$18/SF
Building Size
73,180 SF
Asset Type
MultiFamily
Closing
Jun 18, 2020
About this deal
AI
The multifamily property located at 1000 Bratton Ave in Marseilles, IL was recently sold for a price of $1,380,000. The transaction took place on June 18, 2021. The property consists of 16 units, resulting in a price per unit (PPU) of $86,250.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,380,000
- Address: 1000 Bratton Ave, Marseilles, IL
- Market: Marseilles, IL
- Units: 16
- PPU: $86,250
The buyer was represented by Andrea Pileczka from Baird & Warner, while the seller was represented by Philip Howell from RE/MAX Top Properties.
Marseilles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.49%
Cash-on-Cash
-3.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93