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Multi-Family Residential Complex in Illinois
Listing Information
Attachments
Multi-Family Residential Complex in Illinois
Price: $12,500,000.00
Other Item Info
Item #: ilnbke_1512645
Created: 10/17/2020
Category: Real Property > Commercial > Multi-tenant Residential Property
Sale Date: Tue. Nov 10, 2020
Created: 10/17/2020
Category: Real Property > Commercial > Multi-tenant Residential Property
Sale Date: Tue. Nov 10, 2020
Seller Info
William Factor
Debtor's Attorney
105 W Madison, suite 1500
Chicago, IL 60602
(312) 878-6146
Debtor's Attorney
105 W Madison, suite 1500
Chicago, IL 60602
(312) 878-6146
Bankruptcy Info
Case #: 1:20-bk-05334
Case Title: Northwest Capital Holdings LLC
Court: Illinois Northern Bankruptcy Court
Chapter: 11
View Case Docket
Case Title: Northwest Capital Holdings LLC
Court: Illinois Northern Bankruptcy Court
Chapter: 11
View Case Docket
Real Estate Location
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Springfield, IL,
Description
Sale of multi-family residential complex on 12.77 acres of land located in Springfield, Illinois. There are 220 units in 12 multi-family buildings, eight two-story buildings with garden-level apartments, three two-story buildings without garden-level apartments, and a single-story building. The units are 1-bedroom/1-bathroom and 2-bedroom/1.5-bathroom, and generally range from $560 to $700 in rent. There is also a one-story building in the center of the complex used as a rental office and clubhouse. The complex has additional amenities, including an outdoor pool, tennis courts, and a small playground area.
Additional Details
Telephonic Sale Hearing Time: 10:00 a.m.
Last date to respond: 2 days prior to the sale hearing