Package Deal Of 143 Units Sold In McHenry, Grayslake & Island Lake For $18.475M
SOLD
$18,475,000
Illinois
See Similar DealsPackage Deal101,100 SF
Sold 11/17/2025
SOLD
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
See Similar DealsPackage Deal101,100 SF
Sold 11/17/2025
Summary
ILLINOIS
Asset Type:Package Deal
Price Per Square Foot:$182
Total Square Footage:101,100 SF
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$985,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$65,637.79
Cash-on-Cash Return-1.27%
Monthly Debt Service$87,580.93
Annual Debt Service$1,050,971.11
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