Updated Sep 9, 2024
Essex Realty Group Acquires 12-Unit Multifamily Property In Harwood Heights For $1.89M
7538 West Lawrence Avenue
$1,890,000
$171/SF
Building Size
11,000 SF
Asset Type
MultiFamily
Closing
Nov 7, 2022
About this deal
AI
Congratulations to Matt Feo and Anthony Citriglia of Essex Realty Group, Inc. on the recent sale of a multifamily property in Harwood Heights, IL. The property is located at 7538 W Lawrence Ave and consists of 12 units, offering a per unit price of $157,500. The total square footage of the property is 11,000, resulting in a price per square foot of $172. The sale price of the property was $1,890,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,890,000
- Units: 12
- Price Per Unit: $157,500
- Square Footage: 11,000
- Price Per Square Foot: $172
- Market: Harwood Heights, IL
If you have any questions regarding this sale, please contact Essex Realty Group, Inc. for more information.
Harwood Heights 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
8.39%
Cash-on-Cash
-2.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93