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
McHenry Package Deal Market Snapshot
Boundary boundary · Package Deal · Sale transactions
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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