Updated Dec 18, 2023
Interra Realty Facilitates $3.1M Sale Of Multifamily Property In Waukegan, IL
2020 Linden Avenue, Waukegan, Illinois 60087, United States
$3,100,000
$89/SF
Building Size
34,800 SF
Asset Type
MultiFamily
Closing
Dec 14, 2021
About this deal
AI
The multifamily property located at 2020 Linden Avenue in Waukegan, IL has been sold for $3,100,000. The transaction took place on 12/15/2021. The property consists of 48 units with an average price per unit of $64,583. The total square footage of the property is 34,800, resulting in an average price per square foot of $89.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,100,000
- Units: 48
- Price per Unit: $64,583
- Square Footage: 34,800
- Price per Square Foot: $89
The sale of this property was facilitated by Paul Waterloo and Patrick Kennelly from Interra Realty.
Players
Waukegan 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
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93