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
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