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Multifamily Property At 609 Glenwood Lansing Road Sold For $11.8M By Brokers Clough And Gavriluti

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SOLD
$11,800,000

Illinois

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MultiFamily82,900 SF
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Property Image
SOLD

Multifamily Property At 609 Glenwood Lansing Road Sold For $11.8M By Brokers Clough And Gavriluti

609 Glenwood Lansing Road

See Similar Deals
MultiFamily82,900 SF
Sold
Contact now

Summary

ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$142
Total Square Footage:82,900 SF
Transaction Type:Sale

The property asset involved in this transaction is a multifamily unit located at 609 Glenwood Lansing Road in the Glenwood market. It comprises 100 units and encompasses a total area of 82,900 square feet. The transaction was completed at a sale price of $11,800,000, resulting in a price per unit of approximately $118,000 and a price per square foot of around $142.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $11,800,000
  • Units: 100
  • Square Footage: 82,900
  • Price per Unit: $118,000
  • Price per Square Foot: $142

The individuals involved in the transaction include brokers James Clough and Cristian Gavriluti, who represent Real Realty in this deal.

Players

James Clough
11 deals$46.2M volume(773) 551-1268
BROKER

Cristian Gavriluti
Real Realty
4 deals$21.5M volume(224) 256-0921
BROKER

Details

SOLD
IMAGE: James Clough & Cristian Gavriluti DATE: 12/29/2025 ADDRESS: 609 Glenwood Lansing Road MARKET: Glenwood ASSET TYPE: Multifamily BROKERS: James Clough (@JamesfClough) & Cristian Gavriluti (@Gavriluti_Cristian) - Real Realty (@RealRealtyChicago) SALE PRICE: $11,800,000 UNITS: 100 ~ PPU: $118,000 SF: 82,900 ~ PPSF: $142

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$629,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$41,922.92
Cash-on-Cash Return-1.27%
Monthly Debt Service$55,938.02
Annual Debt Service$671,256.24