Kiser Group Brokers Sell Mundelein Multifamily Property For $2.55M
SOLD
$2,550,000
Illinois
See Similar DealsMultiFamily23,750 SF
Sold 05/18/2022
SOLD
Kiser Group Brokers Sell Mundelein Multifamily Property For $2.55M
520 Mckinley Avenue, Mundelein, Illinois 60060, United States
See Similar DealsMultiFamily23,750 SF
Sold 05/18/2022
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$107
Total Square Footage:23,750 SF
Transaction Type:Sale
The multifamily property located at 520 McKinley Ave in Mundelein has been sold for a price of $2,550,000. The property consists of 26 units, with a price per unit (PPU) of $98,077. The total square footage of the property is 23,750, with a price per square foot (PPSF) of $107.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,550,000
- Market: Mundelein
- Brokers: Andy Friedman & Jake Parker - Kiser Group
The sale of the property at 520 McKinley Ave was facilitated by brokers Andy Friedman and Jake Parker from Kiser Group. They represented the buyer and seller in the transaction, ensuring a successful deal for both parties involved.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$136,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,059.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,088.30
Annual Debt Service$145,059.61
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