Ricke Realty LLC Acquires Multifamily Property In Lombard For $1.2M
739 East South Broadway Avenue, Lombard, IL, USA
$1,200,000
$198/SF
Building Size
6,044 SF
Asset Type
MultiFamily
Closing
Jul 9, 2020
AI
The multifamily property located at 739 E South Broadway Ave in Lombard, IL has been sold for a price of $1,200,000. With a total of 9 units, the price per unit (PPU) comes to $133,333. The property spans across 6,044 square feet, resulting in a price per square foot (PPSF) of $199.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Units: 9
- PPU: $133,333
- Square Feet: 6,044
- PPSF: $199
- Address: 739 E South Broadway Ave, Lombard, IL
- Market: Lombard, IL
Jason Ricke from Ricke Realty LLC represented the buyer, while Richard Dawidiuk from RE/MAX Central Inc. represented the seller in this transaction.
Players
Lombard 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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93