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
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