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

/

516 Kungs Way, Joliet, IL, ...

Adam Fortino Of Marcus & Millichap Represents Buyer In Sale Of 516 Kungs Way Joliet For $670,000
SOLDMultiFamily

Adam Fortino Of Marcus & Millichap Represents Buyer In Sale Of 516 Kungs Way Joliet For $670,000

516 Kungs Way, Joliet, IL, 60435

$670,000

Building Size

Asset Type

MultiFamily

Closing

Aug 16, 2019

AI

The property involved in the transaction is a nine-unit apartment located at 516 Kungs Way, Joliet, IL 60435. The apartment building is reported to have sold for $670,000. It consists of one one-bedroom/one-bathroom unit and eight two-bedroom/one-bathroom units. The building is constructed of brick, features on-site laundry facilities, and offers ample off-street parking. The market value is specific to Joliet, Illinois.

Summary of transaction details:

  • Property Type: Apartment
  • Transaction Amount: $670,000.00
  • Address: 516 Kungs Way, Joliet, IL 60435
  • Buyer’s Representative: Adam Fortino - Marcus & Millichap
  • Buyer: Unknown
  • Seller: Unknown

Adam Fortino, a senior associate in Marcus & Millichap’s Chicago Oak Brook office, exclusively marketed the property on behalf of the seller while representing the buyer in this transaction. The deal was confirmed by Steven D. Weinstock, regional manager and first vice president of the firm’s Chicago Oak Brook office.

Players

Adam Fortino

KW Commercial

Broker

$8.2M

vol

9 deals

Broker

Joliet 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

23.68%

Cash-on-Cash

-6.77%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93