GMA North 1 LLC Acquires Multifamily Property In Rolling Meadows For $1.225M
SOLD
$1,225,000
Illinois
See Similar DealsMultiFamily17,265 SF
Sold 10/25/2021
SOLD
GMA North 1 LLC Acquires Multifamily Property In Rolling Meadows For $1.225M
2341 Algonquin Road, Rolling Meadows, IL, USA
See Similar DealsMultiFamily17,265 SF
Sold 10/25/2021
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$71
Total Square Footage:17,265 SF
Transaction Type:Sale
GMA North 1 LLC has acquired a multifamily property located at 2341 Algonquin Road in Rolling Meadows. The transaction, which took place on October 25, 2021, was facilitated by brokers Matt Halper & Danny Mantis of Kiser Group.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,225,000
- Address: 2341 Algonquin Road
- Market: Rolling Meadows
- Buyer: GMA North 1 LLC
- Brokers: Matt Halper & Danny Mantis - Kiser Group
The multifamily property consists of 16 units and spans approximately 17,265 square feet. The price per unit is approximately $76,563, and the price per square foot is approximately $71.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$65,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,352.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,807.12
Annual Debt Service$69,685.50
Is there something missing? Send suggestions