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121 North Cross St.

Inland Real Estate Group Acquires 306 Unit Multifamily Property In Wheaton For $101.2M
SOLDMultiFamily

Inland Real Estate Group Acquires 306 Unit Multifamily Property In Wheaton For $101.2M

121 North Cross St.

$101,200,000

Units

306

Asset Type

MultiFamily

Closing

Dec 6, 2024

AI

The property asset involved in this transaction is a multifamily unit located at 121 North Cross St., Wheaton, IL. The transaction was completed for a total amount of $101,200,000.00, comprising 306 units within the asset.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $101,200,000.00
  • Address: 121 North Cross St.
  • Market: Wheaton, IL
  • Units: 306
  • Buyer: Inland Real Estate Group
  • Seller: Connor Group
  • Transaction Date: 12/06/2024

Inland Real Estate Group acted as the buyer in this transaction, while Connor Group served as the seller. The transaction was finalized on December 6, 2024, marking a key exchange within the multifamily market segment.

Players

Walker & Dunlop
Walker & DunlopBrokerage

Wheaton 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

0.16%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93