Horvath & Tremblay Brokers Sell Multifamily Property In Carol Stream, IL For $650K
551 Lies Road West, Carol Stream, Illinois 60188, United States
$650,000
$98/SF
Building Size
6,595 SF
Asset Type
MultiFamily
Closing
May 19, 2022
AI
Located at 551 W Lies Rd in Carol Stream, IL, this multifamily property recently changed hands in a closed transaction. The property comprises 6 units, spread across 6,595 square feet. The sale price for this asset was $650,000, resulting in a per-unit price of $108,333. The price per square foot stands at $99.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $650,000
- Units: 6
- Price Per Unit: $108,333
- Square Footage: 6,595
- Price Per Square Foot: $99
- Address: 551 W Lies Rd, Carol Stream, IL
The sale was facilitated by Ryan Link, Andrew O'Connell, and Anthony Spangler from Horvath & Tremblay, who represented the parties involved in the transaction. This successful deal exemplifies their expertise and commitment in the real estate market.
Players
Carol Stream 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
24.40%
Cash-on-Cash
-6.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93