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

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SOLD
$4,150,000

Illinois

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MultiFamily5,184 SF
Sold 01/25/2021
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Property Image
SOLD

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

2901 Vinan Drive, Melrose Park, IL, USA

See Similar Deals
MultiFamily5,184 SF
Sold 01/25/2021
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Summary

ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$800
Total Square Footage:5,184 SF
Transaction Type:Sale

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
13 deals$47.8M volume
BROKER

Danny Mantis
Kiser Group
12 deals$35.4M volume
BROKER

Details

SOLD
IMAGE: Matt Halper & Danny Mantis DATE: 01/25/2021 ADDRESS: 2901 Vinan Drive MARKET: Melrose Park ASSET TYPE: Multifamily BROKERS: Matt Halper & Danny Mantis - @KiserGroup SALE PRICE: $4,150,000 UNITS: 64 ~ PPU: $64,844

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,744.08
Cash-on-Cash Return-1.27%
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