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15 North Martha Street, Lom...

Horvath & Tremblay Represents Sale Of 10-Unit Multifamily Property In Lombard, IL For $1.1M
SOLDMultiFamily

Horvath & Tremblay Represents Sale Of 10-Unit Multifamily Property In Lombard, IL For $1.1M

15 North Martha Street, Lombard, Illinois 60148, United States

$1,100,000

$123/SF

Building Size

8,920 SF

Asset Type

MultiFamily

Closing

Aug 11, 2022

AI

A multifamily property located at 15 N Martha Street & 12 N Craig Place in Lombard, IL has been sold. The property consists of 10 units with a total square footage of 8,920. The sale price for the property was $1,100,000, resulting in a price per unit of $110,000 and a price per square foot of $123.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,100,000
  • Units: 10
  • Price per Unit: $110,000
  • Square Footage: 8,920
  • Price per Square Foot: $123

The sale was facilitated by Ryan Link, Anthony Spangler, and Andrew O'Connell from Horvath & Tremblay acting as brokers in the transaction. They represented the buyer and seller in the deal.

Players

Anthony Spangler

Horvath & Tremblay

Broker

$38.7M

vol

13 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

14.42%

Cash-on-Cash

-4.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93