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.
On the Map
$1,250,000
$50/SF
MultiFamily
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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