facebook

traded

+ Submit
Home

/

Deals

/

Illinois

/

Multifamily

/

Sale

/

30 Briar St, Glen Ellyn, IL...

Marcus & Millichap Sells Glen Ellyn Multifamily To Repeat Buyer For $1.06M
SOLDMultiFamily

Marcus & Millichap Sells Glen Ellyn Multifamily To Repeat Buyer For $1.06M

30 Briar St, Glen Ellyn, IL, 60137

$1,060,000

Building Size

Asset Type

MultiFamily

Closing

Nov 22, 2023

AI

The property involved in the sale is a well-maintained, fully occupied 12-unit multifamily asset located at 30 Briar Street in Glen Ellyn, Illinois. The property consists of all two-bedroom/one-bathroom units and was sold for $1,060,000. It offers easy access to Interstate 355, making it a desirable investment in the Glen Ellyn market.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $1,060,000.00
  • Buyer's Representative: Randolph Taylor (EXP Realty)
  • Buyer: Unknown

The sale of the 12-unit apartment property was brokered by Marcus & Millichap, with Randolph Taylor representing the private investor buyer. This transaction was an all-cash deal and marked a successful acquisition by a repeat buyer for both the agent and the firm involved in the sale.

Players

Randolph Taylor

EXP Realty

Broker

$25.8M

vol

9 deals

Broker

Glen Ellyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

14.97%

Cash-on-Cash

-4.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93