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Horvath & Tremblay Brokers Arrange $2.6M Sale Of 37-Unit Multifamily Complex In Kankakee

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SOLD
$2,600,000

Illinois

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MultiFamily
Sold 08/22/2023
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Property Image
SOLD

Horvath & Tremblay Brokers Arrange $2.6M Sale Of 37-Unit Multifamily Complex In Kankakee

941 N River Dr Kankakee, IL 60901, USA

See Similar Deals
MultiFamily
Sold 08/22/2023
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Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

A 37-unit multifamily complex in Kankakee, Illinois has recently been sold for $2.6 million. The property, located at 941 North River Drive, spans across 2.3 acres. This transaction was facilitated by Anthony Spangler and Thomas Shanley of Horvath & Tremblay, who represented both parties involved in the sale.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,600,000
  • Units: 37
  • Price per Unit: $70,270
  • Address: 941 North River Drive
  • Market: Kankakee
  • Brokers: Anthony Spangler & Thomas Shanley - Horvath & Tremblay

Anthony Spangler and Thomas Shanley of Horvath & Tremblay played a key role in the successful completion of this transaction. As representatives for both parties, they ensured a smooth and efficient process. This sale signifies their expertise and dedication to the real estate industry.

Players

Anthony Spangler
13 deals$38.7M volume
BROKER

Thomas Shanley
Horvath & Tremblay
1 deal$2.6M volume(312) 957-7189
BROKER

Details

SOLD
IMAGE: Anthony Spangler & Thomas Shanley DATE: 08/22/2023 ADDRESS: 941 North River Drive MARKET: Kankakee ASSET TYPE: Multifamily ~ ACRES: 2.3 BROKERS: Anthony Spangler (@_Anthony_Spangler_) & Thomas Shanley - Horvath & Tremblay SALE PRICE: $2,600,000 UNITS: 37 ~ PPU: $70,270 NOTE: Horvath & Tremblay's Anthony Spangler and Thomas Shanley have completed the sale of a 37-unit multi-family complex in Kankakee, Illinois, representing both parties in the transaction for $2.6 million.

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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