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143 East Grove Street

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

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

Joe Connelly

SVN

Broker

$3M

vol

3 deals

Broker

Lombard 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

13.22%

Cash-on-Cash

-3.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93