Joe Connelly Represents Seller In $1.2M Sale Of Lombard Multifamily Property With David Szymanowski
143 East Grove Street
$1,200,000
$201/SF
Building Size
5,950 SF
Asset Type
MultiFamily
Closing
Nov 11, 2024
AI
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
Lombard MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93