Crystal Banks Of Landstar Realty Group Acquires 4-Unit Multifamily Property In Park Ridge For $1.11M
SOLD
$1,110,000
Illinois
See Similar DealsMultiFamily5,193 SF
Sold 03/17/2021
SOLD
Crystal Banks Of Landstar Realty Group Acquires 4-Unit Multifamily Property In Park Ridge For $1.11M
1500 West Touhy Avenue, Park Ridge, IL, USA
See Similar DealsMultiFamily5,193 SF
Sold 03/17/2021
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$213
Total Square Footage:5,193 SF
Transaction Type:Sale
A multifamily property located at 1500 W Touhy Ave in Park Ridge was sold on March 17, 2021. The property consists of 4 units and was sold for a total price of $1,110,000, resulting in a per unit price of $277,500.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,110,000
- Address: 1500 W Touhy Ave
- Market: Park Ridge
- Buyer's Representative: Crystal Banks - Landstar Realty Group, Inc.
- Seller's Representatives: Janet Petersen - Jasco Realty, Inc & John Przybyla - Horvath & Tremblay IL, LLC
Crystal Banks from Landstar Realty Group, Inc represented the buyer in the transaction, while Janet Petersen from Jasco Realty, Inc and John Przybyla from Horvath & Tremblay IL, LLC represented the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$59,200.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,943.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,261.97
Annual Debt Service$63,143.60
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