Updated Dec 21, 2023
Interra Realty Brokers Sell Rolling Meadows Multifamily For $4.65M
2201 Algonquin Parkway, Rolling Meadows, IL 60008
$4,650,000
Units
48
Asset Type
MultiFamily
Closing
Dec 29, 2021
About this deal
AI
The multifamily property located at 2201 Algonquin Parkway in Rolling Meadows, IL was recently sold for a total of $4,650,000. The transaction took place on December 29, 2021. The property consists of 48 units, resulting in a price per unit of $96,875.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,650,000
- Units: 48
- Price Per Unit: $96,875
- Market: Rolling Meadows, IL
The sale of this multifamily property was facilitated by Paul Waterloo and Patrick Kennelly of Interra Realty. They acted as the brokers representing the parties involved in the transaction.
Players
Rolling Meadows MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Paul Waterloo to view all their deals.
Browse Illinois multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.41%
Cash-on-Cash
-0.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93