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6805 West Montrose Avenue, ...

Essex Realty Brokers Sell Multifamily Property In Harwood Heights, IL For $740,000
SOLDMultiFamily

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

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

The deal was facilitated by brokers Derek Kaptanoglu, Jim Darrow, Jordan Gottlieb, and Clay Maxfield from Essex Realty.

Players

James Darrow

Essex Realty Group

Broker

$283.1M

vol

61 deals

Broker

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