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
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