Andy Zubek Acquires Multifamily Property On Duane St, Glen Ellyn For $2.4M
SOLD
$2,400,000
Illinois
See Similar DealsMultiFamily7,400 SF
Sold 06/07/2022
SOLD
Andy Zubek Acquires Multifamily Property On Duane St, Glen Ellyn For $2.4M
403 Duane Street, Glen Ellyn, Illinois 60137, United States
See Similar DealsMultiFamily7,400 SF
Sold 06/07/2022
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$324
Total Square Footage:7,400 SF
Transaction Type:Sale
The multifamily property located at 403 Duane St in Glen Ellyn has been sold in a recent transaction. The property spans 7,400 square feet and consists of 4 units. The sale price for this transaction was $2,400,000, resulting in a price per unit of $600,000. The price per square foot was calculated to be $324.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,400,000
- Address: 403 Duane St, Glen Ellyn
- Market: Glen Ellyn
Andy Zubek has purchased the property from Jeremy Szybowicz. Clay Maxfield from Quantum Real Estate Advisors, Inc. served as the seller's representative in this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$127,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,526.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,377.22
Annual Debt Service$136,526.69
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