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1143 Deerfield Rd, Deerfiel...

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

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

1143 Deerfield Rd, Deerfield, IL, 60015

$6,150,000

Building Size

Asset Type

MultiFamily

Closing

Nov 20, 2023

AI

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

33 Realty

Broker

$125.7M

vol

9 deals

Broker
CA
Condo AssociationSeller

Deerfield 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

2.58%

Cash-on-Cash

-0.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93