Updated Dec 4, 2024
Nicholas Slonina & Eric Sadowski Facilitate $1.5M Multifamily Sale In Arlington Heights
1510 East Northwest Highway
$1,505,000
Units
6
Asset Type
MultiFamily
Closing
May 15, 2024
About this deal
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.
On the Map
$1,505,000
MultiFamily
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Players
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