Lofty LLC Acquires Mixed-Use Property In Cicero, IL For $1.86M
SOLD
$1,860,000
Illinois
See Similar DealsMixed-use6,000 SF
Sold
SOLD
Lofty LLC Acquires Mixed-Use Property In Cicero, IL For $1.86M
6117 Cermak Rd, Cicero, IL, USA
See Similar DealsMixed-use6,000 SF
Sold
Summary
ILLINOIS
Asset Type:Mixed-use
Price Per Square Foot:$310
Total Square Footage:6000 SF
Transaction Type:Sale
The mixed-use property located at 6117 Cermak Rd in Cicero, IL was recently sold for a total price of $1,860,000. The transaction took place on June 17, 2021.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,860,000
- Address: 6117 Cermak Rd, Cicero, IL
- Market: Cicero, IL
The buyer's representative in this deal was Anthony Zammitt from Lofty LLC, while John Warren from Second City Real Estate acted as the seller's representative.
The property consists of 27 units, with each unit valued at approximately $68,889.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$99,199.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,608.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,817.35
Annual Debt Service$105,808.19
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