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117 167th Street

Essex Realty Group Acquires Multifamily Property In Calumet City For $1.875M
SOLDMultiFamily

Essex Realty Group Acquires Multifamily Property In Calumet City For $1.875M

117 167th Street

$1,875,000

$74/SF

Building Size

25,240 SF

Asset Type

MultiFamily

Closing

Oct 28, 2022

AI

The multifamily property located at 117 167th St in Calumet City, IL was recently sold for a price of $1,875,000. The property consists of 30 units, with a per unit price of $62,500. The total square footage of the property is 25,240, resulting in a price per square foot of $74.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,875,000
  • Address: 117 167th St, Calumet City, IL
  • Market: Calumet City, IL
  • Units: 30
  • Price per Unit: $62,500
  • Total Square Footage: 25,240
  • Price per Square Foot: $74

The sale of this multifamily property was facilitated by Brian Mond and Derek Kaptanoglu from Essex Realty Group, Inc. Congratulations to all involved in this transaction! For any inquiries regarding this sale, please contact Essex Realty Group, Inc.

Players

Brian Mond

33 Realty

Broker

$46.4M

vol

23 deals

Broker

Calumet City MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

8.46%

Cash-on-Cash

-2.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93