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Condo Association Sells Property At 1143 Deerfield Rd Deerfield For $6.15M With 33 Realty Reps

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SOLD
$6,150,000

Illinois

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MultiFamily
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SOLD

Condo Association Sells Property At 1143 Deerfield Rd Deerfield For $6.15M With 33 Realty Reps

1143 Deerfield Rd, Deerfield, IL, 60015

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MultiFamily
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Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

The property at 1143 Deerfield Rd, Deerfield, IL, 60015, has been sold for $6,150,000.00. Known as Deerfield Gardens, it consists of 36 condominiums, including a mix of townhomes, two-bedroom, and one-bedroom units. The property spans 2.2 acres and features amenities such as central air conditioning, hardwood floors, spacious layouts, and on-site storage. It is conveniently located across the street from Maplewood Park and is within walking distance to both the Metra Station and Walgreens corporate offices.

Summary of transaction details:

  • Property Type: Condominium
  • Transaction Amount: $6,150,000.00
  • Address: 1143 Deerfield Rd, Deerfield, IL, 60015
  • Market: Deerfield
  • Buyer's Representative: Matthew Petersen-33 Realty
  • Seller's Representative: John Meyer-33 Realty
  • Buyer: Unknown
  • Seller: Condo Association

John Meyer, Sean Connelly, and Matt Petersen of 33 Realty represented both the buyer and the seller in this transaction. Their involvement highlights the agency's role in facilitating the successful sale of the property, ensuring a smooth process for both parties.

Players

Sean Connelly
9 deals$125.7M volume
BROKER

John Meyer
33 Realty
5 deals$62.1M volume
BROKER

Matthew Petersen
33 Realty
1 deal$6.2M volume(269) 873-6101
BROKER

SELLER

Details

SOLD
IMAGE: 1143 Deerfield Rd, Deerfield, IL, 60015 MARKET: Deerfield BUYER'S REP: Matthew Petersen-33 Realty SELLER'S REP: John Meyer-33 Realty BUYER: Unknown SELLER: Condo Association PRICE: $6,150,000.00 SF: 0

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

$328,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$21,849.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,154.14
Annual Debt Service$349,849.65