facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Illinois

/

Multifamily

/

Sale

/

447 E 192nd St, Glenwood, I...

Unknown Purchases Property At 447 E 192nd St Glenwood IL For $796000 With Seller's Reps From Marcus & Millichap
SOLDMultiFamily

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

Jeff R. Rowlett

Marcus & Millichap

Broker

$37.3M

vol

10 deals

Broker

Glenwood MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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