Marcus & Millichap Facilitates $3.25M Sale Of Multifamily Property In Machesney Park
SOLD
$3,250,000
Illinois
See Similar DealsMultiFamily7,368 SF
Sold
SOLD
Marcus & Millichap Facilitates $3.25M Sale Of Multifamily Property In Machesney Park
1040 Minns Drive, Machesney Park, IL, USA
See Similar DealsMultiFamily7,368 SF
Sold
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$441
Total Square Footage:7368 SF
Transaction Type:Sale
The multifamily property located at 1040 Minns Dr in Machesney Park was recently sold for a price of $3,250,000. The property consists of 36 units, resulting in a price per unit of $90,278. The sale took place on March 10, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,250,000
- Address: 1040 Minns Dr
- Market: Machesney Park
The deal was facilitated by brokers Eric Wagner and James Ziegler from Marcus & Millichap. They represented the buyer and seller in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$173,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,546.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,406.66
Annual Debt Service$184,879.90
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