Updated Dec 21, 2023
Interra Realty Facilitates $2M Sale Of Multifamily Property In Worth, IL
6615 West Lloyd Drive, Worth, IL, USA
$2,016,000
$124/SF
Building Size
16,200 SF
Asset Type
MultiFamily
Closing
Nov 23, 2021
About this deal
AI
The multifamily property located at 6615-6619 W Lloyd Dr in Worth, IL has been sold for a total price of $2,016,000. The sale transaction was completed on November 23, 2021. The property consists of 18 units, with each unit priced at $112,000. The total square footage of the property is 16,200, equating to a price per square foot of $124. The transaction was facilitated by Michael Duckler from Interra Realty.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,016,000
- Units: 18
- Price per Unit: $112,000
- Square Footage: 16,200
- Price per Square Foot: $124
- Address: 6615-6619 W Lloyd Dr, Worth, IL
- Market: Worth, IL
This transaction highlights the involvement of Michael Duckler from Interra Realty as the broker representing the parties involved in the deal. The successful completion of the sale demonstrates the expertise and professionalism exhibited by Michael Duckler and the Interra Realty agency in handling multifamily property transactions in Worth, IL.
Players
Worth 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
7.87%
Cash-on-Cash
-2.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93