Updated Dec 21, 2023
Michael Duckler, Paul Waterloo & Patrick Kennelly Sell Tinley Park, Illinois Multifamily Property For $4.87M
17397 70th Avenue, Tinley Park, Illinois, USA
$4,870,000
$6,087/SF
Building Size
800 SF
Asset Type
MultiFamily
Closing
Aug 11, 2021
About this deal
AI
A multifamily property located at 17397 S 70th Avenue in Tinley Park, Illinois has been sold for a total price of $4,870,000. The property consists of 48 units, with a price per unit of $101,458. The transaction took place on 08/12/2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,870,000
- Address: 17397 S 70th Avenue, Tinley Park, Illinois
- Units: 48
- Price Per Unit: $101,458
The sale of this multifamily property was facilitated by brokers Michael Duckler, Patrick Kennelly, and Paul Waterloo.
Players
Tinley Park 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
3.26%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93