Updated Dec 19, 2023
Parkvue Realty Corporation Acquires Multifamily Property In Elgin, IL For $1.12M
831 Bode Rd, Elgin, IL, USA
$1,120,000
$1,600/SF
Building Size
700 SF
Asset Type
MultiFamily
Closing
May 18, 2020
About this deal
AI
A multifamily property located at 831 Bode Rd in Elgin, IL was recently sold for a total of $1,120,000. The property consists of 16 units, resulting in a price per unit of $70,000. The sale took place on 05/18/2021.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,120,000
- Units: 16
- Price Per Unit: $70,000
- Date: 05/18/2021
- Address: 831 Bode Rd, Elgin, IL
Ashoor Youmara, representing Parkvue Realty Corporation, acted as the buyer's representative in this transaction. Jee Ramangkoun, from Executive Realty Group LLC, represented the seller. Both individuals played crucial roles in facilitating the deal.
On the Map
$1,120,000
$1,600/SF
MultiFamily
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Players
Elgin 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
14.16%
Cash-on-Cash
-4.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93