Unknown Purchases Property At 447 E 192nd St Glenwood IL For $796000 With Seller's Reps From Marcus & Millichap
447 E 192nd St, Glenwood, IL, 60425
$796,000
Building Size
—
Asset Type
MultiFamily
Closing
Jul 16, 2019
AI
The Glenwood Multifamily Portfolio, which consists of three properties located at 444 E. Glenwood Dyer Road, 452 E. Glenwood Dyer Road, and 447 E. 192nd Street, was sold for a total of $796,000. Each of the buildings contains six units, bringing the total number of units in the portfolio to 18. The properties are situated within walking distance of each other and are easily accessible, located within a five-minute drive to Interstate 394 and an eight-minute drive to Interstates 94 and 294.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $796,000.00
- Address: 447 E 192nd St, Glenwood, IL, 60425
- Market: Glenwood
- Seller's Representatives: Jordan Goodman - Marcus & Millichap, Matt Fitzgerald - Marcus & Millichap, Anthony Hardy - Marcus & Millichap, Jeff R. Rowlett - Marcus & Millichap
- Buyer: Unknown
- Seller: Unknown
- Square Footage: 0
Marcus & Millichap facilitated the transaction with key representatives being Anthony Hardy, a senior associate, and Thomas Heitzman, an associate, from the Chicago Downtown office. Jeff R. Rowlett and Matt Fitzgerald, who are senior vice presidents from the Milwaukee office, also participated in representing the seller.
Players
Glenwood 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
19.93%
Cash-on-Cash
-5.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93