facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Illinois

/

Multifamily

/

Sale

/

1131 Elizabeth Ct, Crest Hi...

Adam Fortino Of Marcus & Millichap Represents Buyer In $1.76M Sale At 1131 Elizabeth Ct Crest Hill
SOLDMultiFamily

Adam Fortino Of Marcus & Millichap Represents Buyer In $1.76M Sale At 1131 Elizabeth Ct Crest Hill

1131 Elizabeth Ct, Crest Hill, IL, 60403

$1,760,000

Building Size

Asset Type

MultiFamily

Closing

Aug 22, 2019

AI

A five-building apartment portfolio has been sold in Crest Hill and Joliet, Illinois, for a total amount of $1,760,000. The properties include 22 residential units, with a configuration of four one-bedroom/one-bathroom units and 18 two-bedroom/one and one-half bathroom units. The address of one of the properties is 1131 Elizabeth Ct, Crest Hill, IL, 60403, which is part of the Crest Hill market.

Summary of transaction details:

  • Property Type: Apartment Portfolio
  • Transaction Amount: $1,760,000.00
  • Address: 1131 Elizabeth Ct, Crest Hill, IL, 60403
  • Market: Crest Hill
  • Buyer's Representative: Adam Fortino - Marcus & Millichap
  • Seller: Unknown
  • Buyer: Unknown
  • Square Footage: 0

Adam Fortino, a senior associate at Marcus & Millichap’s Chicago Oak Brook office, handled the exclusive listing and represented the buyer in this transaction. The portfolio featured several amenities, including ample off-street parking, 12 garage parking spaces, and on-site laundry facilities, along with many recent capital improvements.

Players

Adam Fortino

KW Commercial

Broker

$8.2M

vol

9 deals

Broker

Crest Hill 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

9.01%

Cash-on-Cash

-2.58%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93