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Basel Tarabein & Baird & Warner Facilitate $1.5M Sale Of Melrose Park Multifamily Property

Property Image
SOLD
$1,500,000
Miguel Ruiz
Scott Milliman
Basel Tarabein

Illinois

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MultiFamily
Sold 05/20/2024
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Property Image
SOLD

Basel Tarabein & Baird & Warner Facilitate $1.5M Sale Of Melrose Park Multifamily Property

171 North 25th Avenue

See Similar Deals
MultiFamily
Sold 05/20/2024
Miguel Ruiz
Scott Milliman
Basel Tarabein
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

Located at 171 North 25th Avenue in Melrose Park, the recently sold multifamily property consists of 20 units, with a total sale price of $1,500,000. Each unit within the property was sold for an average of $75,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,500,000
  • Address: 171 North 25th Avenue
  • Market: Melrose Park
  • Units: 20
  • Price Per Unit: $75,000

The buyer, represented by Basel Tarabein from Re/Max At Home, successfully acquired the property. On the other side, Miguel Ruiz and Scott Milliman, from Baird & Warner, acted as the seller's representatives in this transaction.

Players

Miguel Ruiz
Baird & Warner
Miguel Ruiz
1 deal$1.5M volume(630) 660-2752
BROKER
Scott Milliman
Baird & Warner
Scott Milliman
1 deal$1.5M volume(815) 712-6112
BROKER
Basel Tarabein
Re/Max
Basel Tarabein
1 deal$1.5M volume(847) 828-2243
BROKER

Details

SOLD
IMAGE: Miguel Ruiz, Basel Tarabein & Scott Milliman DATE: 05/20/2024 ADDRESS: 171 North 25th Avenue MARKET: Melrose Park ASSET TYPE: Multifamily BUYER'S REP: Basel Tarabein (@BaselTarabein) - Re/Max At Home SELLER'S REP: Miguel Ruiz & Scott Milliman - Baird & Warner (@BairdWarner) SALE PRICE: $1,500,000 UNITS: 20 ~ PPU: $75,000 NOTE: 171 North 25th Avenue in Melrose Park, a multifamily property, has been sold for $1,500,000, with Basel Tarabein of ReMaxAtHome representing the buyer, and Miguel Ruiz and Scott Milliman of Baird & Warner representing the seller. The property comprises 20 units, with each unit selling for an average of $75,000.

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

$79,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,329.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,110.77
Annual Debt Service$85,329.18