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520 Mckinley Avenue, Mundel...

Kiser Group Brokers Sell Mundelein Multifamily Property For $2.55M
SOLDMultiFamily

Kiser Group Brokers Sell Mundelein Multifamily Property For $2.55M

520 Mckinley Avenue, Mundelein, Illinois 60060, United States

$2,550,000

$107/SF

Building Size

23,750 SF

Asset Type

MultiFamily

Closing

May 17, 2022

AI

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

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.

Players

Andrew Friedman

Kiser Group

Broker

$131.5M

vol

20 deals

Broker

Mundelein MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.22%

Cash-on-Cash

-1.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93