Michael Anguiano Of Essex Realty Group Represents Sale Of Multifamily In Sauk Village For $9M
SOLD
$9,000,000
Illinois
See Similar DealsMultiFamily150,540 SF
Sold 02/28/2025
SOLD
Michael Anguiano Of Essex Realty Group Represents Sale Of Multifamily In Sauk Village For $9M
2610 Marigold Drive
See Similar DealsMultiFamily150,540 SF
Sold 02/28/2025
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$59
Total Square Footage:150,540 SF
Transaction Type:Sale
The property asset involved in the transaction is a multifamily asset located at 2610 Marigold Drive in Sauk Village. The sale price for the property was $9,000,000, comprising 180 units. The total square footage of the property is 150,540, which results in a price per unit of $50,000 and a price per square foot of $59.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $9,000,000
- Units: 180
- Square Footage: 150,540
- Price Per Unit: $50,000
- Price Per Square Foot: $59
- Market: Sauk Village
- Broker: Michael Anguiano - Essex Realty Group
Michael Anguiano represented the brokerage firm Essex Realty Group in this transaction, facilitating the sale of the multifamily asset in the Sauk Village market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$480,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$31,975.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$42,664.59
Annual Debt Service$511,975.10
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