Updated Dec 21, 2023
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
About this deal
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.
On the Map
$990,000
$116/SF
MultiFamily
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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