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145 Glen Avenue

Glen Street Apartments Sold In Grayslake For $5.825M With Brokers Brian Karmowski & Anthony Citriglia
SOLDMultiFamily

Glen Street Apartments Sold In Grayslake For $5.825M With Brokers Brian Karmowski & Anthony Citriglia

145 Glen Avenue

$5,825,000

$167/SF

Building Size

34,840 SF

Asset Type

MultiFamily

Closing

Jun 8, 2025

AI

The transaction involved the sale of Glen Street Apartments, a multifamily asset located at 145-185 Glen Street in the Grayslake market. The property comprises 40 units and offers a total square footage of 34,840. The sale price was $5,825,000, resulting in a price per unit of $145,625 and a price per square foot of $167.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $5,825,000
  • Units: 40
  • Square Footage: 34,840
  • Price Per Unit: $145,625
  • Price Per Square Foot: $167
  • Address: 145-185 Glen Street
  • Market: Grayslake
  • Broker: Brian Karmowski & Anthony Citriglia - Essex Realty Group

The sale was facilitated by brokers Brian Karmowski and Anthony Citriglia from Essex Realty Group, who represented the parties involved in the transaction. This deal showcases the expertise of the brokers in handling multifamily assets in the local market.

Players

Brian Karmowski

Essex Realty Group

Broker

$286M

vol

43 deals

Broker
Essex Realty Group
Essex Realty GroupBrokerage

Grayslake 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

2.72%

Cash-on-Cash

-0.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93