Updated Dec 21, 2023
33 Realty Acquires Multifamily Property In Crystal Lake, IL For $25M
1614 Carlemont Drive, Crystal Lake, Illinois, USA
$25,000,000
Building Size
—
Asset Type
MultiFamily
Closing
May 19, 2020
About this deal
AI
The multifamily property located at 1614-1624 Carlemont Dr in Crystal Lake, IL was recently sold. The sale was facilitated by brokers Sean Connelly, John Meyer, and Matt Petersen from 33 Realty. The transaction took place on May 19, 2021, with a sale price of $25,000,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $25,000,000
- Address: 1614-1624 Carlemont Dr, Crystal Lake, IL
- Market: Crystal Lake, IL
The brokers involved in this deal were Sean Connelly, John Meyer, and Matt Petersen from 33 Realty. They successfully facilitated the transaction, ensuring a smooth process for both the buyer and seller.
On the Map
$25,000,000
MultiFamily
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Players
Crystal Lake 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
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93