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
- 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.
Players
Mundelein 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
6.22%
Cash-on-Cash
-1.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93