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
Countryside 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
2.56%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93