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

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SOLD
$5,825,000

Illinois

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MultiFamily34,840 SF
Sold 06/09/2025
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Property Image
SOLD

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

145 Glen Avenue

See Similar Deals
MultiFamily34,840 SF
Sold 06/09/2025
Contact now

Summary

ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$167
Total Square Footage:34,840 SF
Transaction Type:Sale

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
42 deals$279.1M volume
BROKER

Anthony Citriglia
Essex Realty Group
30 deals$93.4M volume
BROKER

Essex Realty Group
BROKERAGE

Details

SOLD
IMAGE: Brian Karmowski & Anthony Citriglia DATE: 6/9/2025 ADDRESS: 145-185 Glen Street - Glen Street Apartments MARKET: Grayslake ASSET TYPE: Multifamily BROKER: Brian Karmowski & Anthony Citriglia (@Mr_Multifamily) - Essex Realty Group (@EssexRealtyGroup) SALE PRICE: $5,825,000 UNITS: 40 ~ PPU: $145,625 SF: 34,840 ~ PPSF: $167

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

$310,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$20,694.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,613.47
Annual Debt Service$331,361.66