Updated Dec 21, 2023
Wheaton, IL Multifamily Sells For $845,000 In Off-Market Transaction
1324 Roosevelt Road, Wheaton, Illinois, USA
$845,000
$167/SF
Building Size
5,040 SF
Asset Type
MultiFamily
Closing
May 5, 2021
About this deal
AI
A multifamily property located at 1324 E. Roosevelt Road in Wheaton, IL was recently sold in an off-market transaction. The sale was facilitated by Derek Kaptanoglu of hicagomultifamily_Essexrealty. The property consists of 8 units and was sold for a total price of $845,000, resulting in a per unit price of $105,625.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $845,000
- Number of Units: 8
- Price per Unit: $105,625
- Broker: Derek Kaptanoglu of hicagomultifamily_Essexrealty
This successful off-market transaction showcases the expertise of Derek Kaptanoglu and demonstrates his ability to negotiate deals in the Wheaton, IL market. By representing both the buyer and the seller, Derek ensured a smooth and efficient sale process for all parties involved.
Players
Wheaton MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Derek Kaptanoglu to view all their deals.
Browse Illinois multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
18.77%
Cash-on-Cash
-5.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93