Essex Realty Group, Inc. Sells 138-Unit Multifamily Portfolio In Matteson For $10.3M
4035 Lindenwood Drive
$10,300,000
$96/SF
Building Size
106,775 SF
Asset Type
MultiFamily
Closing
Jan 13, 2023
AI
A portfolio of 10 properties consisting of 138 units has been sold in Matteson, Illinois. The properties are located at 4035-4043, 4046-4050, 4047, 4101-4105, 4104-4112, 4124-4130, 4205-4211, 4221-4229, 4222-4228, 4235 & 4301-4309 Lindenwood Drive. The multifamily asset has a total square footage of 106,775. The sale price for this transaction was $10,300,000, resulting in a price per unit of $74,638 and a price per square foot of $96.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $10,300,000
- Units: 138
- Price Per Unit: $74,638
- Square Footage: 106,775
- Price Per Square Foot: $96
- Market: Matteson
Congratulations to Kate Varde, Brian Karmowski & Derek Kaptanoglu from Essex Realty Group, Inc for representing the parties involved in this transaction. For any further inquiries regarding this deal, please contact Essex Realty Group, Inc.
Players
Market 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
1.54%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93