Updated Dec 19, 2023
Essex Realty Facilitates $2.4M Sale Of Multifamily Property On Beach Avenue & Clyde Avenue In La Grange Park & Lyons, IL
420 Beach Avenue, La Grange Park, IL, USA
$2,400,000
Units
21
Asset Type
MultiFamily
Closing
Sep 13, 2021
About this deal
AI
Located in La Grange Park and Lyons, IL, this recently sold multifamily property comprises two addresses - 420 Beach Avenue and 4643-47 Clyde Avenue. The transaction took place on September 13, 2021.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $2,400,000
- Number of Units: 24
- Price per Unit: $100,000
- Market: La Grange Park & Lyons, IL
Representing the buyer and seller in this deal was Derek Kaptanoglu from Essex Realty. The property offers a total of 24 units and was sold for a final price of $2,400,000. With each unit priced at $100,000, this sale provided an excellent investment opportunity in the La Grange Park and Lyons market.
Players
La Grange Park 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
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93