Marcus & Millichap Arranges Sale Of Mixed-Use Property With 71 Units In Tinley Park
6701 South Street & 6723 South Street
Building Size
146,432 SF
Asset Type
Mixed-use
Closing
Jul 6, 2026
AI
6701-6723 South Street is a mixed-use property located in Tinley Park, IL, featuring a total of 71 units and encompassing 73,216 square feet in size. This property includes 66 multifamily units along with five ground-floor retail spaces, effectively combining residential and commercial facilities.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: Not specified
- Units: 71
- Square Footage: 73,216
- Address: 6701-6723 South Street
- Market: Tinley Park, IL
- Brokers: Ryan Engle & Andrean Angelov - Marcus & Millichap
Ryan D. Engle and Andrean Angelov of Marcus & Millichap represented the seller and procured the buyer in the transaction, showcasing their roles in facilitating the sale of this property.
Players
South 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93