Updated Dec 21, 2023
Essex Realty Group Facilitates $5M Multifamily Sale In Park Ridge, IL
1033 Peterson Avenue
$5,000,000
$197/SF
Building Size
25,370 SF
Asset Type
MultiFamily
Closing
Oct 31, 2022
About this deal
AI
The multifamily property located at 1033 Peterson Ave in Park Ridge, IL has been sold for $5,000,000. The sale was facilitated by Brian Karmowski and Anthony Citriglia of Essex Realty Group, Inc. The transaction took place on 10/31/2022. The property consists of 16 units, with a price per unit (PPU) of $312,500. The total square footage of the property is 25,370, with a price per square foot (PPSF) of $197.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,000,000
- Address: 1033 Peterson Ave, Park Ridge, IL
- Market: Park Ridge, IL
- Brokers: Brian Karmowski & Anthony Citriglia - Essex Realty Group, Inc
- Units: 16
- Price per Unit: $312,500
- Total Square Footage: 25,370
- Price per Square Foot: $197
Congratulations to all parties involved in this transaction! For further inquiries about this sale, please contact Essex Realty Group, Inc.
Players
Park Ridge 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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93