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Mark Kurgan & Sean Connelly Acquire Glen Ellyn Multifamily For $5.4M

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SOLD
$5,400,000

Illinois

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MultiFamily62,000 SF
Sold 09/15/2020
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Property Image
SOLD

Mark Kurgan & Sean Connelly Acquire Glen Ellyn Multifamily For $5.4M

106-224 Surrey Drive, Glen Ellyn, IL, USA

See Similar Deals
MultiFamily62,000 SF
Sold 09/15/2020
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Summary

ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$87
Total Square Footage:62,000 SF
Transaction Type:Sale

Located in Glen Ellyn, the multifamily property located at 106-224 Surrey Drive recently changed hands in a closed transaction. The sale was facilitated by Mark Kurgan and Sean Connelly of 33 Realty.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $5,400,000
  • Units: 48
  • Price per Unit (PPU): $112,500

The property consists of 48 units and was sold for a total amount of $5,400,000, resulting in a price per unit of $112,500. The transaction took place on 09/15/2020. Mark Kurgan and Sean Connelly from 33 Realty played a crucial role as the brokers representing the parties involved in the deal.

Players

Mark Kurgan
6 deals$12.9M volume
BROKER

Sean Connelly
33 Realty
9 deals$125.7M volume
BROKER

Details

SOLD
IMAGE: Sean Connelly & Mark Kurgan⁠ DATE: 09/15/2020⁠ ADDRESS: 106-224 Surrey Drive⁠ MARKET: Glen Ellyn⁠ ASSET TYPE: Multifamily⁠ PRICE: $5,400,000⁠ UNITS: 48 / PPU: $112,500⁠ BROKERS: Mark Kurgan & Sean Connelly - 33 Realty⁠

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$288,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$19,185.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,598.75
Annual Debt Service$307,185.06