Interra Realty Brokers $2.55M Sale Of 24-Unit Mixed-Use Building In Cicero
2312 South Central Avenue
$2,550,000
Building Size
—
Asset Type
Mixed-use
Closing
May 29, 2025
AI
A 24-unit mixed-use building located at 2300-2312 South Central Avenue in Cicero has been sold for $2,550,000. This transaction represents the largest deal by both dollar amount and unit count in the suburb for the year 2025.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,550,000
- Units: 24
- Price Per Unit: $106,250
- Market: Cicero
Michael Duckler, Patrick Kennelly, Paul Waterloo, and Nathan Zito of Interra Realty were engaged in the transaction, representing both the buyer and seller. Their collaboration highlights the team's involvement in both sides of the deal.
Players
Cicero Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.22%
Cash-on-Cash
-1.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93