Essex Realty Brokers Sell Multifamily Property In Harwood Heights, IL For $740,000
SOLD
$740,000
+ 1
Illinois
See Similar DealsMultiFamily5,270 SF
Sold 10/29/2021
SOLD
Essex Realty Brokers Sell Multifamily Property In Harwood Heights, IL For $740,000
6805 West Montrose Avenue, Harwood Heights, Illinois, USA
See Similar DealsMultiFamily5,270 SF
Sold 10/29/2021
+ 1
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$140
Total Square Footage:5,270 SF
Transaction Type:Sale
An multifamily property located at 6805 W. Montrose Avenue in Harwood Heights, IL was sold on 10/29/2021. The property consists of 6 units, with a sale price of $740,000. This translates to a price per unit of $123,333.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $740,000
- Address: 6805 W. Montrose Avenue
- Market: Harwood Heights, IL
- Brokers: Derek Kaptanoglu, Jim Darrow, Jordan Gottlieb, Clay Maxfield - Essex Realty
- Units: 6
- Price Per Unit: $123,333
The deal was facilitated by brokers Derek Kaptanoglu, Jim Darrow, Jordan Gottlieb, and Clay Maxfield from Essex Realty.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$39,466.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$2,629.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,507.98
Annual Debt Service$42,095.73
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