Updated Dec 19, 2023
Interra Realty Brokers $1.32M Sale Of Multifamily Property In Park Ridge, IL
1950 Parkside Drive, Park Ridge, Illinois 60068, United States
$1,320,000
Units
8
Asset Type
MultiFamily
Closing
Apr 11, 2022
About this deal
AI
Located in Park Ridge, IL, the multifamily property at 1950 Parkside Dr recently changed hands in a closed transaction. The sale was facilitated by Paul Waterloo and Patrick Kennelly of Interra Realty.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,320,000
- Address: 1950 Parkside Dr, Park Ridge, IL
- Market: Park Ridge, IL
- Units: 8
- Price Per Unit: $165,000
Paul Waterloo and Patrick Kennelly from Interra Realty represented the buyer and seller, ensuring a successful deal for all parties involved.
Players
Park Ridge 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
12.02%
Cash-on-Cash
-3.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93