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
Crest Hill 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
9.01%
Cash-on-Cash
-2.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93