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8146 Walsh Ln, River Grove,...

Updated Dec 21, 2023

Adam Adamczyk Of Ziggy Realty And Builders Acquires River Grove Multifamily For $1.18M
SOLDMultiFamily

Adam Adamczyk Of Ziggy Realty And Builders Acquires River Grove Multifamily For $1.18M

8146 Walsh Ln, River Grove, IL, USA

$1,180,000

$135/SF

Building Size

8,700 SF

Asset Type

MultiFamily

Closing

Mar 10, 2021

About this deal

AI

Located in the River Grove market, the multifamily property at 8146 & 8150 Walsh Ln has recently been sold. The transaction took place on 03/11/2021 and was facilitated by Jacek Piktel from Dream Town Realty, who represented the seller. The buyer was represented by Adam Adamczyk from Ziggy Realty and Builders. The property consists of 12 units and spans across 8,700 square feet. The sale price for this transaction was $1,180,000, resulting in a price per square foot of $136. On average, each unit was sold for approximately $98,333.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $1,180,000
  • Address: 8146 & 8150 Walsh Ln
  • Market: River Grove
  • Buyer's Rep: Adam Adamczyk - Ziggy Realty and Builders
  • Seller's Rep: Jacek Piktel - Dream Town Realty
  • Square Footage: 8,700
  • Price per Square Foot: $136
  • Units: 12
  • Price per Unit: $98,333

With the successful sale of this multifamily property, both the buyer and seller were effectively represented by their respective brokers, Adam Adamczyk and Jacek Piktel. This transaction highlights the expertise and negotiation skills of these professionals in the River Grove market.

Players

Jacek Piktel

Broker

$3.9M

vol

3 deals

Broker

River Grove MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $135 per square foot on a published $1.2M for 8,700 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

13.44%

Cash-on-Cash

-3.84%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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