Updated Dec 20, 2023
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
$13,000,000
Units
48
Asset Type
MultiFamily
Closing
Jun 13, 2022
About this deal
AI
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.
The multifamily sale at 40 West Main Street, Lake Zurich, Illinois 60047, United States in Lake Zurich, Illinois sold for $13M in 2022. Reported inventory is 48 units across 48 units. Bill Baumann, Monarch Realty Partners appear on the sale alongside Monarch Realty Partners. This page is the Lake Zurich, Illinois file for the 40 West Main Street, Lake Zurich, Illinois 60047, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Lake Zurich sit in the Market section below. Filter that Lake Zurich multifamily set by closing date to see what else sold near 40 West Main Street, Lake Zurich, Illinois 60047, United States around 2022. Published consideration for 40 West Main Street, Lake Zurich, Illinois 60047, United States is $13M, dated 2022. Cite this Monarch Realty Partners Facilitates $13M Sale Of Lake Zurich Multifamily Property At 40 W Main St sale when underwriting similar multifamily product around Lake Zurich, Illinois.
Players
Lake Zurich 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
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93