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41 East Blecke Avenue, Addi...

Kathleen Lenihan Sells 12-Unit Multifamily Property In Addison, IL For $990K
SOLDMultiFamily

Kathleen Lenihan Sells 12-Unit Multifamily Property In Addison, IL For $990K

41 East Blecke Avenue, Addison, IL 60101, USA

$990,000

$116/SF

Building Size

8,500 SF

Asset Type

MultiFamily

Closing

Aug 30, 2021

AI

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.

Players

Christopher Malay

Marcus & Millichap

Broker

$16M

vol

9 deals

Broker

Addison 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

16.02%

Cash-on-Cash

-4.58%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93