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
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