Multifamily Property At 417 Park Street Sold For $3.85M In Bensenville
SOLD
$3,854,166
Illinois
See Similar DealsMultiFamily37,400 SF
Sold 02/24/2025
SOLD
Multifamily Property At 417 Park Street Sold For $3.85M In Bensenville
417 Park Street & 240 North Walnut Street
See Similar DealsMultiFamily37,400 SF
Sold 02/24/2025
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$103
Total Square Footage:37,400 SF
Transaction Type:Sale
The multifamily property located at 417 Park Street & 240 North Walnut Street in Bensenville was sold for $3,854,166. This property comprises 24 units and has a total square footage of 18,700, resulting in a price per unit of $160,590 and a price per square foot of $206.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,854,166
- Address: 417 Park Street & 240 North Walnut Street
- Market: Bensenville
- Units: 24
- Square Footage: 18,700
- Price Per Unit: $160,590
- Price Per Square Foot: $206
Anthony Citriglia from Essex Realty Group represented the seller in this transaction, facilitating the sale process and ensuring all procedures were adhered to during the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$205,555.50
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,693.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,270.71
Annual Debt Service$219,248.56
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