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9427 86th Court, Hickory Hi...

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

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

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

$810,000

$103/SF

Building Size

7,850 SF

Asset Type

MultiFamily

Closing

Oct 12, 2022

AI

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

Compass

Broker

$79.3M

vol

24 deals

Broker

Hickory Hills 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

19.58%

Cash-on-Cash

-5.60%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93