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
- 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.
Players
Park Ridge MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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