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Joe Connelly Represents Seller In $1.2M Sale Of Lombard Multifamily Property With David Szymanowski

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SOLD
$1,200,000

Illinois

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MultiFamily5,950 SF
Sold 11/11/2024
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Property Image
SOLD

Joe Connelly Represents Seller In $1.2M Sale Of Lombard Multifamily Property With David Szymanowski

143 East Grove Street

See Similar Deals
MultiFamily5,950 SF
Sold 11/11/2024
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Summary

ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$201
Total Square Footage:5,950 SF
Transaction Type:Sale

A seven-unit multifamily property located at 143 East Grove Street in Lombard has been sold for $1,200,000. The total square footage of the property is 5,950, resulting in a price per unit of $171,429 and a price per square foot of $202.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $1,200,000
  • Address: 143 East Grove Street
  • Market: Lombard
  • Units: 7
  • Square Footage: 5,950
  • Price Per Unit: $171,429
  • Price Per Square Foot: $202

Joe Connelly represented the seller in the transaction while David Szymanowski represented the all-cash buyer. The sale was facilitated by SVN Chicago Commercial, marking a significant transaction due to one of the highest price-per-door metrics in the area.

Players

Joe Connelly
3 deals$3M volume(630) 550-1515
BROKER

David Szymanowski
SVN
2 deals$6.9M volume(818) 318-6601
BROKER

Details

SOLD
IMAGE: Joe Connelly & David Szymanowski DATE: 11/11/2024 ADDRESS: 143 East Grove Street MARKET: Lombard ASSET TYPE: Multifamily BROKERS: David Szymanowski & Joe Connelly - SVN Chicago Commercial (@SVN_Chicago) SALE PRICE: $1,200,000 UNITS: 7 ~ PPU: $171,429 SF: 5,950 ~ PPSF: $202 NOTE: SVN Chicago Commercial brokered the $1.2 million sale of a seven-unit multifamily property in Lombard, marking one of the highest price-per-door transactions in the area. Joe Connelly represented the seller and David Szymanowski represented the all-cash buyer in the 5,950-square-foot deal at 143 E. Grove St.

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

$64,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35