Updated Dec 18, 2023
Concentric Realty Acquires Multifamily Property In Elgin, IL For $1.25M
13110 Birch Drive, Elgin, Illinois, USA
$1,250,000
$50/SF
Building Size
24,627 SF
Asset Type
MultiFamily
Closing
Jun 3, 2020
About this deal
AI
A multifamily property located at 1121 Birch Dr in Elgin, IL was recently sold for a total of $1,250,000. The transaction took place on 06/03/2021 and involved the sale of 16 units. The price per unit was $78,125.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,250,000
- Address: 1121 Birch Dr, Elgin, IL
- Date: 06/03/2021
- Market: Elgin, IL
The buyer was represented by Weijia Tong from Concentric Realty, Inc. On the other hand, the seller was represented by Jee Ramangkoun from Executive Realty Group LLC.
Players
Elgin 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
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93