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Nicholas Slonina & Eric Sadowski Facilitate $1.5M Multifamily Sale In Arlington Heights

Property Image
SOLD
$1,505,000
ES
Nicholas Slonina

Illinois

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MultiFamily
Sold 05/15/2024
the dealplayerscompscontact
Property Image
SOLD

Nicholas Slonina & Eric Sadowski Facilitate $1.5M Multifamily Sale In Arlington Heights

1510 East Northwest Highway

See Similar Deals
MultiFamily
Sold 05/15/2024
ES
Nicholas Slonina
the dealplayerscompscontact
Contact now

Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

1510 East Northwest Highway in Arlington Heights is a six-flat multifamily building that was sold for $1,505,000. The property boasts features such as an attached heated garage, renovated HVAC units, and ample parking, presenting a unique investment opportunity in a neighborhood surrounded by single-family homes.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,505,000
  • Address: 1510 East Northwest Highway
  • Market: Arlington Heights
  • Units: 6
  • Price per Unit: $250,833

Nicholas Slonina from Chicagoland Brokers represented the buyer in the transaction, while Eric Sadowski from Arhome Realty acted as the seller's representative, facilitating the sale of this prime multifamily property.

Players

ES
Arhome Realty
Eric Sadowski
1 deal$1.5M volume(708) 945-4585
BROKER
Nicholas Slonina
Chicagoland Brokers
Nicholas Slonina
1 deal$1.5M volume(630) 915-4251
BROKER

Details

SOLD
IMAGE: Nicholas Slonina & Eric Sadowski DATE: 05/15/2024 ADDRESS: 1510 East Northwest Highway MARKET: Arlington Heights ASSET TYPE: Multifamily BUYER'S REP: Nicholas Slonina - Chicagoland Brokers SELLER'S REP: Eric Sadowski - Arhome Realty (@ArhomeRealty) SALE PRICE: $1,505,000 UNITS: 6 ~ PPU: $250,833 NOTE: 1510 East Northwest Highway in Arlington Heights was sold for $1,505,000, presenting a unique investment opportunity with its six-flat multifamily building situated amidst single-family homes. Renovated and featuring amenities like an attached heated garage, refurbished HVAC units, and ample parking, it offers great potential for cash flow or condo conversion.

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

$80,266.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,346.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,134.47
Annual Debt Service$85,613.61