facebook
Traded Co logo
Submit

Jameson Commercial Real Estate Brokers $5.2M Multifamily Sale In Champaign, IL

Property Image
SOLD
$5,225,000

Illinois

See Similar Deals
MultiFamily65,784 SF
Sold 09/12/2023
the dealplayerscompscontact
Property Image
SOLD

Jameson Commercial Real Estate Brokers $5.2M Multifamily Sale In Champaign, IL

2408 High View Court

See Similar Deals
MultiFamily65,784 SF
Sold 09/12/2023
Contact now

Summary

ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$79
Total Square Footage:65,784 SF
Transaction Type:Sale

A multifamily property located at 2408 High View Court in Champaign, IL has been sold. The property consists of 85 units with a price per unit of $61,471. The total square footage of the property is 65,784, with a price per square foot of $79. The property was listed for an asking price of $5,500,000 and was ultimately sold for $5,225,000.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $5,225,000
  • Address: 2408 High View Court, Champaign, IL
  • Units: 85
  • Price per Unit: $61,471
  • Total Square Footage: 65,784
  • Price per Square Foot: $79

The deal was facilitated by Marco Cesario, a broker from Jameson Commercial Real Estate. Marco represented the seller and played a key role in the transaction. Through his expertise and negotiation skills, the property was successfully sold at a favorable price.

Players

Marco Cesario
4 deals$19.8M volume(312) 315-7173
BROKER

Details

SOLD
IMAGE: Marco Cesario DATE: 09/12/2023 ADDRESS: 2408 High View Court MARKET: Champaign, IL ASSET TYPE: Multifamily BROKER: Marco Cesario (@MrBlue1980) - Jameson Commercial Real Estate (@Jameson.Commercial) ASKING PRICE: $5,500,000 SALE PRICE: $5,225,000 UNITS: 85 ~ PPU: $61,471 SF: 65,784 ~ PPSF: $79

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

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
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$278,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$18,563.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,769.17
Annual Debt Service$297,229.99