Northmarq Brokers Close $27M Multifamily Sale In Yorkville, Chicago
302 East Kendall Drive, Yorkville, Illinois 60560, United States
$27,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Nov 2, 2022
AI
The multifamily property located at 302-322 E Kendall Dr & 302 Mulhern Ct in Yorkville has been sold for a total of $27,000,000. The property consists of 164 units, resulting in a price per unit of $164,634. The sale was completed on November 3, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $27,000,000
- Units: 164
- Price Per Unit: $164,634
- Date: November 3, 2022
- Address: 302-322 E Kendall Dr & 302 Mulhern Ct, Yorkville
- Brokers: Parker Stewart & Alex Malzone from Northmarq
Parker Stewart and Alex Malzone from Northmarq represented the buyer and seller in this transaction. Their expertise and negotiation skills contributed to the successful completion of the deal.
Players
Yorkville 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
0.59%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93