Updated Dec 19, 2023
Essex Realty Brokers $4.8M Multifamily Sale In South Elgin, IL
643 Dean Drive South Elgin, IL
$4,800,000
$586/SF
Building Size
8,188 SF
Asset Type
MultiFamily
Closing
Sep 30, 2021
About this deal
AI
The multifamily property located at 643 Dean Drive in South Elgin, IL has been sold for a price of $4,800,000. The transaction took place on September 30, 2021. The property consists of 48 units, with a per unit price of $100,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,800,000
- Address: 643 Dean Drive, South Elgin, IL
- Market: South Elgin, IL
- Units: 48
- Price Per Unit: $100,000
The sale of this property was facilitated by Brian Karmowski of Essex Realty. He represented the parties involved in the deal.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.30%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93