Rehan Hussain Buys Multifamily Asset At 8713 Ballard Road For $1,232,500 With Dean Tubekis As Buyer's Rep
8713 Ballard Road
$1
$0/SF
Building Size
5,600 SF
Asset Type
MultiFamily
Closing
Jul 1, 2026
AI
The transaction involved a multifamily property located at 8713 Ballard Road in Des Plaines. The property consists of 6 units and has a total square footage of 5,600. It was listed at an asking price of $1,200,000 and sold for $1,232,500, resulting in a price per unit of $205,417 and a price per square foot of $220.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,232,500
- Address: 8713 Ballard Road
- Market: Des Plaines
- Units: 6
- Asking Price: $1,200,000
- Price Per Unit: $205,417
- Square Footage: 5,600
- Price Per Square Foot: $220
- Closing Type: All cash
- Closing Note: Smooth closing
Rehan Hussain was the buyer, while John Lee was the seller. The buyer was represented by Dean Tubekis from Coldwell Banker, and the seller was represented by Marina Camenschi from Home Smart Connect.
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
15863000.00%
Cash-on-Cash
-4533694.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93