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Interra Realty Brokers $2.55M Sale Of 24-Unit Mixed-Use Building In Cicero
SOLD
$2,550,000
+ 1
Illinois
See Similar DealsMixed-use
Sold 05/29/2025
SOLD
Interra Realty Brokers $2.55M Sale Of 24-Unit Mixed-Use Building In Cicero
2312 South Central Avenue
See Similar DealsMixed-use
Sold 05/29/2025
+ 1
Summary
ILLINOIS
Asset Type:Mixed-use
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$136,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,059.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,088.30
Annual Debt Service$145,059.61
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