Marcus & Millichap Facilitates $3.25M Sale Of Multifamily Property In Machesney Park
1040 Minns Drive, Machesney Park, IL, USA
$3,250,000
$441/SF
Building Size
7,368 SF
Asset Type
MultiFamily
Closing
Mar 9, 2021
AI
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.
Players
Machesney Park MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.88%
Cash-on-Cash
-1.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93