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.
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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