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
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