Kathleen Lenihan Sells 12-Unit Multifamily Property In Addison, IL For $990K
SOLD
$990,000
Illinois
See Similar DealsMultiFamily8,500 SF
Sold 08/30/2021
SOLD
Kathleen Lenihan Sells 12-Unit Multifamily Property In Addison, IL For $990K
41 East Blecke Avenue, Addison, IL 60101, USA
See Similar DealsMultiFamily8,500 SF
Sold 08/30/2021
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$116
Total Square Footage:8,500 SF
Transaction Type:Sale
This multifamily property located at 41 East Blecke Avenue in Addison, IL was recently sold. The sale was facilitated by broker Christopher Malay from Marcus & Millichap. The property consists of 12 units, all of which are 1-bedroom units. The total square footage of the property is 8,500 square feet.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $990,000
- Units: 12
- Price per Unit: $82,500
- Square Footage: 8,500
- Price per Square Foot: $116
- Market: Addison, IL
The seller of this property was Kathleen Lenihan. Christopher Malay from Marcus & Millichap represented the seller in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$52,800.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,517.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,693.11
Annual Debt Service$56,317.26
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