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1510 East Northwest Highway

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

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

1510 East Northwest Highway

$1,505,000

Building Size

Asset Type

MultiFamily

Closing

May 15, 2024

AI

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

Eric Sadowski

Arhome Realty

Broker

$1.5M

vol

1 deal

Broker

Arlington Heights 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

10.54%

Cash-on-Cash

-3.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93