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Anish Sheth & John Warren Broker $1.81 Sale Of La Grange Multifamily Asset

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SOLD
$1,810,000

Illinois

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MultiFamily
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SOLD

Anish Sheth & John Warren Broker $1.81 Sale Of La Grange Multifamily Asset

15 South Spring Avenue

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MultiFamily
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Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

Located at 15 South Spring Avenue in La Grange, the property is an eleven-unit multifamily asset that was recently sold for $1,810,000. With a per unit price of approximately $164,545, this property is situated in the La Grange market.

Summary of transaction details:

Anish Sheth of Third Coast Realty represented the buyer in this transaction, while John Warren of Forte Properties was the seller's representative for the sale of the multifamily property at 15 South Spring Avenue in La Grange.

Players

John Warren
3 deals$4.7M volume
BROKER

Anish Sheth
4 deals$9.3M volume(773) 368-1456
BROKER

Details

SOLD
IMAGE: John Warren DATE: 05/03/2024 ADDRESS: 15 South Spring Avenue MARKET: La Grange ASSET TYPE: Multifamily BUYER'S REP: Anish Sheth - Third Coast Realty SELLER'S REP: John Warren (@JWarrenbroker) - Forte Properties (@FortePropertiesChicago) SALE PRICE: $1,810,000 UNITS: 11 ~ PPU: $164,545 NOTE: 15 South Spring Avenue in La Grange was sold for $1,810,000, comprising an eleven-unit multifamily property. Anish Sheth of Third Coast Realty represented the buyer, and John Warren of Forte Properties represented the seller in this transaction. The property features a per unit price of approximately $164,545 and is situated in the La Grange market.

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

$96,533.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,430.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,580.32
Annual Debt Service$102,963.88