Updated Dec 19, 2023
Essex Realty Brokers Sell Multifamily Property In Harwood Heights, IL For $740,000
6805 West Montrose Avenue, Harwood Heights, Illinois, USA
$740,000
$140/SF
Building Size
5,270 SF
Asset Type
MultiFamily
Closing
Oct 29, 2021
About this deal
AI
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.
Players
Harwood Heights 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
21.44%
Cash-on-Cash
-6.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93