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1500 West Touhy Avenue, Par...

Crystal Banks Of Landstar Realty Group Acquires 4-Unit Multifamily Property In Park Ridge For $1.11M
SOLDMultiFamily

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

$1,110,000

$213/SF

Building Size

5,193 SF

Asset Type

MultiFamily

Closing

Mar 16, 2021

AI

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

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.

Players

John Przybyla

Horvath & Tremblay

Broker

$45M

vol

17 deals

Broker

Park Ridge 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

14.29%

Cash-on-Cash

-4.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93