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2312 South Central Avenue

Interra Realty Brokers $2.55M Sale Of 24-Unit Mixed-Use Building In Cicero
SOLDMixed-use

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

Michael Duckler

Interra Realty

Broker

$77M

vol

23 deals

Broker

Cicero Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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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