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2750 Lauretta Place, Highla...

Marcus & Millichap Sells Highland Park Multifamily Property For $1.25M
SOLDMultiFamily

Marcus & Millichap Sells Highland Park Multifamily Property For $1.25M

2750 Lauretta Place, Highland Park, IL, USA

$1,245,000

$321/SF

Building Size

3,876 SF

Asset Type

MultiFamily

Closing

Dec 1, 2020

AI

The multifamily property located at 2734-2750 Lauretta Place in Highland Park has been sold. The sale was facilitated by brokers Andrean Angelov, Ryan D. Engle, and Timothy B. Stephenson from Marcus & Millichap. The transaction occurred on December 2, 2020. The property consists of 8 units and was sold for a price of $1,245,000, resulting in a price per unit of $155,625.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,245,000
  • Address: 2734-2750 Lauretta Place, Highland Park
  • Market: Highland Park
  • Brokers: Andrean Angelov, Ryan D. Engle, & Timothy B. Stephenson - Marcus & Millichap
  • Units: 8
  • Price per Unit: $155,625

The brokers involved in the deal, Andrean Angelov, Ryan D. Engle, and Timothy B. Stephenson, represented the parties in the transaction. Their expertise and negotiation skills contributed to the successful sale of this multifamily property in Highland Park.

Players

Andrean Angelov

Marcus & Millichap

Broker

$22.9M

vol

17 deals

Broker

Highland Park 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

12.74%

Cash-on-Cash

-3.64%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93