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6915 North Rosemary Lane

Gregorio Cirone & Marek Milewski Of XR Realty Broker $1M Multifamily Sale In Niles
SOLDMultiFamily

Gregorio Cirone & Marek Milewski Of XR Realty Broker $1M Multifamily Sale In Niles

6915 North Rosemary Lane

$1,000,000

Building Size

Asset Type

MultiFamily

Closing

May 16, 2024

AI

The property located at 6915 North Rosemary Lane in Niles was sold for $1,000,000. This well-maintained 6-unit brick building offers various amenities such as hardwood floors, storage lockers, and laundry facilities. Situated in a quiet cul-de-sac, its proximity to hiking trails, shops, and public transportation makes it an attractive investment opportunity with potential for increased rental income.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,000,000
  • Units: 6
  • Price Per Unit: $166,667
  • Address: 6915 North Rosemary Lane
  • Market: Niles

The sale of 6915 North Rosemary Lane was facilitated by Gregorio Cirone and Marek Milewski of XR Realty. These experienced brokers played a crucial role in closing the deal, showcasing their expertise in the real estate market.

Players

Gregorio Cirone

XR Realty

Broker

$2.1M

vol

2 deals

Broker

Niles 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

15.86%

Cash-on-Cash

-4.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93