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33 Realty Acquires Multifamily Property In Crystal Lake, IL For $25M

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SOLD
$25,000,000

Illinois

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MultiFamily
Sold 05/19/2020
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Property Image
SOLD

33 Realty Acquires Multifamily Property In Crystal Lake, IL For $25M

1614 Carlemont Drive, Crystal Lake, Illinois, USA

See Similar Deals
MultiFamily
Sold 05/19/2020
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Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

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.

Players

Sean Connelly
9 deals$125.7M volume
BROKER

John Meyer
33 Realty
5 deals$62.1M volume
BROKER

Matt Petersen
33 Realty
3 deals$46.7M volume
BROKER

Details

SOLD
IMAGE: Matt Petersen, Sean Connelly & John Meyer DATE: 05/19/2021 ADDRESS: 1614-1624 Carlemont Dr MARKET: Crystal Lake, Il ASSET TYPE: Multifamily BROKERS: Sean Connelly, John Meyer & Matt Petersen - 33 Realty SALE PRICE: $25,000,000

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

$1,333,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$88,819.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$118,512.75
Annual Debt Service$1,422,153.05