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
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