facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Illinois

/

Package Deal

/

Sale

/

3605 James Street

Package Deal Of 143 Units Sold In McHenry, Grayslake & Island Lake For $18.475M
SOLDPackage Deal

Package Deal Of 143 Units Sold In McHenry, Grayslake & Island Lake For $18.475M

3605 James Street, 3703 James Street, 145 Glen Avenue & 517 E Burnett Rd

$18,475,000

$182/SF

Building Size

101,100 SF

Asset Type

Package Deal

Closing

Nov 17, 2025

AI

The transaction involves a package deal comprising properties located at 3701-3703 James Street, 3605 James Street, 145-185 Glen Street, and 525 East Burnett Road. This collection is situated within the McHenry, Grayslake, and Island Lake markets. The sale price for the properties totals $18,475,000, with a total of 135 units and an aggregate square footage of 106,335, resulting in a price per unit of $136,852 and a price per square foot of $174.

Summary of transaction details:

  • Property Type: Package Deal
  • Transaction Amount: $18,475,000
  • Units: 135
  • Square Footage: 106,335
  • Price Per Unit: $136,852
  • Price Per Square Foot: $174

Representing this transaction are brokers Anthony Citriglia, Brian Karmowski, and Jimmy Donahue of Essex Realty Group, highlighting the expertise involved in orchestrating the sale of this property package.

Players

Brian Karmowski

Essex Realty Group

Broker

$286M

vol

43 deals

Broker
Essex Realty Group
Essex Realty GroupBrokerage

McHenry Package Deal Market Snapshot

Boundary boundary · Package Deal · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.86%

Cash-on-Cash

-0.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93