Kyle Stengle, Jack Stanton & Quentin Benedetto Sell Burbank MultiFamily For $3.63M
SOLD
$3,630,000
Illinois
See Similar DealsMultiFamily25,140 SF
Sold 07/06/2023
SOLD
Kyle Stengle, Jack Stanton & Quentin Benedetto Sell Burbank MultiFamily For $3.63M
4630 W 79th St Chicago, IL 60652, USA
See Similar DealsMultiFamily25,140 SF
Sold 07/06/2023
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$144
Total Square Footage:25,140 SF
Transaction Type:Sale
The multi-family property located at 4630, 4636, 4640, 4650, and 4658 West 79th Street in Burbank, IL has been sold. The property consists of 33 units, with an average price per unit of $110,000. It spans over an area of 25,140 square feet, with an average price per square foot of $144. The transaction was completed for a total sale price of $3,630,000.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $3,630,000
- Units: 33
- Price Per Unit: $110,000
- Square Footage: 25,140
- Price Per Square Foot: $144
- Seller's Representative: Kyle Stengle (Jack Stanton & Quentin Benedetto - Marcus & Millichap)
The sale of the property was facilitated by Kyle Stengle, who represented the seller. Jack Stanton and Quentin Benedetto from Marcus & Millichap also played a crucial role in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$193,600.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,896.62
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,208.05
Annual Debt Service$206,496.62
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