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Essex Realty Group, Inc. Sells 8-Unit Multifamily Property In Hickory Hills, IL For $810K

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SOLD
$810,000

Illinois

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MultiFamily7,850 SF
Sold 10/13/2022
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SOLD

Essex Realty Group, Inc. Sells 8-Unit Multifamily Property In Hickory Hills, IL For $810K

9427 86th Court, Hickory Hills, Illinois 60457, United States

See Similar Deals
MultiFamily7,850 SF
Sold 10/13/2022
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Summary

ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$103
Total Square Footage:7,850 SF
Transaction Type:Sale

Congratulations to Essex Realty Group, Inc. Director Derek Kaptanoglu on the successful sale of a multifamily property in Hickory Hills, IL. The property, located at 9427 86th Ct, was sold on October 13, 2022.

Summary of transaction details:

  • Property Type: Multifamily
  • Sale Price: $810,000
  • Date: 10/13/2022
  • Address: 9427 86th Ct
  • Market: Hickory Hills, IL
  • Units: 8
  • Price per Unit (PPU): $101,250
  • Square Footage (SF): 7,850
  • Price per Square Foot (PPSF): $103

The property attracted significant interest and went under contract within just 6 days of being listed. Derek Kaptanoglu of Essex Realty Group, Inc. represented both the buyer and seller in this transaction, demonstrating his expertise and ability to facilitate successful deals. For any further inquiries about this sale or to explore other investment opportunities in the suburban market, feel free to reach out to Essex Realty Group.

Players

Derek Kaptanoglu
24 deals$79.3M volume(858) 221-9649
BROKER

Details

SOLD
IMAGE: Derek Kaptanoglu DATE: 10/13/2022 ADDRESS: 9427 86th Ct MARKET: Hickory Hills, IL ASSET TYPE: Multifamily BROKER: Derek Kaptanoglu - Essex Realty Group, Inc. (@EssexRealtyGroupInc) SALE PRICE: $810,000 UNITS: 8 ~ PPU: $101,250 SF: 7,850 ~ PPSF: $103 NOTE FROM BROKER: Congratulations to Essex Realty Group, Inc. (@EssexRealtyGroupInc) Director Derek Kaptanoglu on the sale of this 8-unit Hickory Hills property. The property went under contract after only 6 days on the market. Kaptanoglu represented both buyer and seller. Please contact Essex (@EssexRealtyGroupInc) today with any questions regarding this sale, or if you are interested in learning more about their current suburban inventory.

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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