Updated Dec 21, 2023
Interra Realty Brokers $1.26M Sale Of Multifamily Property In Des Plaines
790 Lee Street, Des Plaines, Illinois 60016, United States
$1,265,000
$178/SF
Building Size
7,100 SF
Asset Type
MultiFamily
Closing
Dec 20, 2021
About this deal
AI
A multifamily property located at 790 Lee St in Des Plaines was recently sold for a price of $1,265,000. This property consists of 10 units with an average price per unit of $126,500. The total square footage of the property is 7,100, resulting in a price per square foot of $178.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,265,000
- Address: 790 Lee St
- Market: Des Plaines
- Units: 10
- Price per Unit: $126,500
- Total Square Footage: 7,100
- Price per Square Foot: $178
The sale of this property was facilitated by Paul Waterloo and Patrick Kennelly, brokers from Interra Realty who represented the buyer and seller in the transaction.
Players
Des Plaines 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
12.54%
Cash-on-Cash
-3.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93