$425,000 Sale Of Property At 17828 Park Ave Homewood With Buyer's Rep Adam Fortino
SOLD
$425,000
Illinois
See Similar DealsMultiFamily
Sold 09/12/2019
SOLD
$425,000 Sale Of Property At 17828 Park Ave Homewood With Buyer's Rep Adam Fortino
17828 Park Ave, Homewood, IL, 60430
See Similar DealsMultiFamily
Sold 09/12/2019
Summary
ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale
The property located at 17828 Park Ave, Homewood, IL, 60430, is a six-unit apartment building featuring four one-bedroom / one-bathroom units and two three-bedroom / two-bathroom units. The asset, which is well maintained, is constructed with flexicore materials and was sold for $425,000. The square footage of the property is not specified.
Summary of transaction details:
- Property Type: Apartment
- Transaction Amount: $425,000.00
- Address: 17828 Park Ave, Homewood, IL, 60430
- Market: Homewood
- Buyer's Representative: Adam Fortino - Marcus & Millichap
- Buyer: Unknown
- Seller: Unknown
Adam Fortino, an investment specialist from Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property and successfully represented the unknown buyer in the transaction. Both the buyer and seller are private investors.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$22,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$1,509.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$2,014.72
Annual Debt Service$24,176.60
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