facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Illinois

/

Multifamily

/

Sale

/

6300 Joliet Road, Countrysi...

6300-6360 Joliet Road Multifamily Sold For $6.2M In Countryside, IL
SOLDMultiFamily

6300-6360 Joliet Road Multifamily Sold For $6.2M In Countryside, IL

6300 Joliet Road, Countryside, IL, USA

$6,200,000

$113/SF

Building Size

54,720 SF

Asset Type

MultiFamily

Closing

Jul 12, 2020

AI

A multifamily property located at 6300-6360 Joliet Road in Countryside, IL, has been sold for a total price of $6,200,000. The property consists of 54 units, with a price per unit (PPU) of $114,815. The transaction took place on July 12, 2021, in the Southwest Cook market.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $6,200,000
  • Address: 6300-6360 Joliet Road, Countryside, IL
  • Market: Southwest Cook

The deal was facilitated by brokers Anthony Spangler, Andrew O'Connell, and John Przybyla, who represented the parties involved in the transaction. The sale of this multifamily property achieved a capitalization rate (CAP) of 6%, highlighting its investment potential.

Players

Anthony Spangler

Horvath & Tremblay

Broker

$38.7M

vol

13 deals

Broker

Countryside 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

2.56%

Cash-on-Cash

-0.73%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93