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692 Quincy Bridge Lane, Gle...

Kirubel Herano Acquires Multifamily Property In Glenview For $849K
SOLDMultiFamily

Kirubel Herano Acquires Multifamily Property In Glenview For $849K

692 Quincy Bridge Lane, Glenview, Illinois 60025, United States

$849,000

$141,500/SF

Building Size

6 SF

Asset Type

MultiFamily

Closing

Sep 11, 2022

AI

Located at 692 Quincy Bridge Ln in Glenview, this multifamily property was recently sold for $849,000. The sale took place on 11/09/2022, and it involved a total of 6 units with a price per unit (PPU) of $141,500. The property spans a total of 6,102 square feet, resulting in a price per square foot (PPSF) of $139.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $849,000
  • Address: 692 Quincy Bridge Ln
  • Market: Glenview

The buyer of this property was Kirubel Herano, while the seller was Steve Lin. Representing the buyer, Michael Scanlon and Jake Fugman from eXp Realty facilitated the transaction. Lili Zhang from Coldwell Banker Realty acted as the seller's representative.

Players

Michael Scanlon

EXP Realty

Broker

$17.5M

vol

14 deals

Broker

Glenview 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

18.68%

Cash-on-Cash

-5.34%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93