Monarch Realty Partners Facilitates $13M Sale Of Lake Zurich Multifamily Property At 40 W Main St
SOLD
$13,000,000
Illinois
See Similar DealsMultiFamily
Sold 06/14/2022
SOLD
Monarch Realty Partners Facilitates $13M Sale Of Lake Zurich Multifamily Property At 40 W Main St
40 West Main Street, Lake Zurich, Illinois 60047, United States
See Similar DealsMultiFamily
Sold 06/14/2022
Summary
ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale
A multifamily property located at 40 W Main St in Lake Zurich has been sold for $13,000,000. The transaction took place on 06/14/2022. The property consists of 48 units, resulting in a per unit price of $270,833.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $13,000,000
- Units: 48
- Per Unit Price: $270,833
The sale of this property was facilitated by Bill Baumann from Monarch Realty Partners.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$693,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$46,186.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$61,626.63
Annual Debt Service$739,519.59
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