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2901 Vinan Drive, Melrose P...

Melrose Park Multifamily Sells For $4.15M With Brokers Matt Halper & Danny Mantis At KiserGroup
SOLDMultiFamily

Melrose Park Multifamily Sells For $4.15M With Brokers Matt Halper & Danny Mantis At KiserGroup

2901 Vinan Drive, Melrose Park, IL, USA

$4,150,000

$800/SF

Building Size

5,184 SF

Asset Type

MultiFamily

Closing

Jan 24, 2021

AI

The multifamily property located at 2901 Vinan Drive in Melrose Park has been sold for $4,150,000. The transaction took place on January 25, 2021, and was facilitated by brokers Matt Halper and Danny Mantis from Kiser Group. The property consists of 64 units, with a per unit price of $64,844.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $4,150,000
  • Address: 2901 Vinan Drive, Melrose Park
  • Market: Melrose Park
  • Brokers: Matt Halper & Danny Mantis - @KiserGroup
  • Units: 64
  • Price Per Unit: $64,844

Matt Halper and Danny Mantis from Kiser Group played a crucial role in facilitating the sale of this multifamily property in Melrose Park. With their expertise and representation, the transaction was successfully concluded. The sale price of $4,150,000 reflects the value of the property and the demand in the market. This transaction highlights the continued activity and investment in the Melrose Park real estate market.

Players

Matt Halper

Kiser Group

Broker

$47.8M

vol

13 deals

Broker

Melrose 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

3.82%

Cash-on-Cash

-1.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93