Lofty LLC Acquires Mixed-Use Property In Cicero, IL For $1.86M
6117 Cermak Rd, Cicero, IL, USA
$1,860,000
$310/SF
Building Size
6,000 SF
Asset Type
Mixed-use
Closing
Jun 17, 2020
AI
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.
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
8.53%
Cash-on-Cash
-2.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93