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4747 Ronald Street

Essex Realty Group Facilitates $1.88M Sale Of Multifamily Property In Harwood Heights, IL
SOLDMultiFamily

Essex Realty Group Facilitates $1.88M Sale Of Multifamily Property In Harwood Heights, IL

4747 Ronald Street

$1,880,000

$179/SF

Building Size

10,500 SF

Asset Type

MultiFamily

Closing

Oct 21, 2022

AI

The multifamily property located at 4747 N Ronald St in Harwood Heights, IL has been sold in a smooth transaction. The property consists of 12 units with a total square footage of 10,500. The sale price for this transaction was $1,880,000, resulting in a price per unit of $156,667 and a price per square foot of $179.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,880,000
  • Units: 12
  • Price per Unit: $156,667
  • Square Footage: 10,500
  • Price per Square Foot: $179
  • Address: 4747 N Ronald St, Harwood Heights, IL
  • Market: Harwood Heights, IL

The successful transaction was facilitated by brokers Derek Kaptanoglu and Matt Feo from Essex Realty Group. Kaptanoglu represented the seller, while Feo represented the buyer, a local investor. The property received multiple offers and ultimately sold for a price higher than the list price. Congratulations to all parties involved in this transaction! For more information about other properties available in the suburban inventory, please contact Essex Realty Group, Inc.

Players

Matt Feo

Essex Realty Group

Broker

$245.4M

vol

49 deals

Broker

Harwood Heights 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

8.44%

Cash-on-Cash

-2.41%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93