Updated Dec 21, 2023
Essex Realty Sells 7-Unit Multifamily Property In Des Plaines, IL For $300K
1510 Willow Avenue, Des Plaines, Illinois, USA
$300,000
$38/SF
Building Size
7,804 SF
Asset Type
MultiFamily
Closing
Nov 3, 2021
About this deal
AI
A multifamily property located at 1510 Willow Avenue in Des Plaines, IL has been sold. The transaction was facilitated by Anthony Citriglia from Essex Realty.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $300,000
- Number of Units: 7
- Price per Unit: $42,857
Anthony Citriglia from Essex Realty represented the parties involved in this sale.
The multifamily sale at 1510 Willow Avenue, Des Plaines, Illinois, USA in Des Plaines, Illinois sold for $300K in 2021. Reported inventory is 7,804 square feet across 7 units, or about 38 per square foot. Anthony Citriglia, Essex Realty Group appear on the sale alongside Essex Realty Group. This page is the Des Plaines, Illinois file for the 1510 Willow Avenue, Des Plaines, Illinois, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Des Plaines sit in the Market section below. Filter that Des Plaines multifamily set by closing date to see what else sold near 1510 Willow Avenue, Des Plaines, Illinois, USA around 2021. Published consideration for 1510 Willow Avenue, Des Plaines, Illinois, USA is $300K, dated 2021. Cite this Essex Realty Sells 7-Unit Multifamily Property In Des Plaines, IL For $300K sale when underwriting similar multifamily product around Des Plaines, Illinois.
Des Plaines 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
52.88%
Cash-on-Cash
-15.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93