Updated Dec 21, 2023
Essex Realty Group Acquires Multifamily Property In Berwyn, IL For $2.26M
6701 Stanley Avenue, Berwyn, Illinois 60402, United States
$2,258,000
$148/SF
Building Size
15,200 SF
Asset Type
MultiFamily
Closing
Aug 30, 2022
About this deal
AI
A multifamily property located at 6701-05 Stanley Ave in Berwyn, IL has been sold in an off-market transaction. The property consists of 24 units with a total square footage of 15,200. The sale price for this transaction was $2,258,000, resulting in a per unit price of $94,083. The price per square foot was calculated at $149.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,258,000
- Address: 6701-05 Stanley Ave, Berwyn, IL
- Market: Berwyn
The sale of this multifamily property was facilitated by Derek Kaptanoglu from Essex Realty Group, Inc. He served as the broker in this transaction, representing the seller. For further details regarding this transaction, interested parties are advised to contact Essex Realty Group, Inc.
On the Map
$2,258,000
$148/SF
MultiFamily
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Players
Berwyn 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
7.03%
Cash-on-Cash
-2.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93