Kiser Group Facilitates $4.12M Bulk Condo Sale In Waukegan Multifamily Deal
3370 West Brooke Avenue, Waukegan, Illinois 60087, United States
$4,118,000
$94/SF
Building Size
43,563 SF
Asset Type
MultiFamily
Closing
Aug 30, 2022
AI
Matt Halper & Danny Mantis of Kiser Group facilitated the sale of a multifamily property located at 3370 W Brooke Ave in Waukegan. The transaction took place on August 31, 2022, with a sale price of $4,118,000. The property consists of 58 units, with an average price per unit of $71,000. The total square footage of the property is 43,563, resulting in a price per square foot of $95.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,118,000
- Address: 3370 W Brooke Ave
- Market: Waukegan
- Brokers: Matt Halper & Danny Mantis - Kiser Group
- Units: 58
- Price per Unit: $71,000
- Total Square Footage: 43,563
- Price per Square Foot: $95
The sale involved a bulk condo transaction where the seller owned 58 out of the building's 74 units.
Players
Waukegan 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
3.85%
Cash-on-Cash
-1.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93