Essex Realty Group Represents Sale Of Multifamily Property In Island Lake For $4.35M
SOLD
$4,350,000
Illinois
See Similar DealsMultiFamily25,275 SF
Sold 11/18/2025
SOLD
Essex Realty Group Represents Sale Of Multifamily Property In Island Lake For $4.35M
525 E Burnett Rd
See Similar DealsMultiFamily25,275 SF
Sold 11/18/2025
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$172
Total Square Footage:25,275 SF
Transaction Type:Sale
The multifamily property located at 517-525 East Burnett Road in Island Lake has a sale price of $4,350,000. The asset comprises 32 units, covering a total square footage of 25,275, resulting in a price per unit of $135,937 and a price per square foot of $172.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,350,000
- Units: 32
- Square Footage: 25,275
- Price per Unit: $135,937
- Price per Square Foot: $172
The transaction was facilitated by brokers Jimmy Donahue, Brian Karmowski, and Anthony Citriglia representing Essex Realty Group. They played a pivotal role in bringing this deal to fruition within the market.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$232,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,454.62
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,621.22
Annual Debt Service$247,454.63
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