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

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SOLD
$1,875,000

Illinois

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MultiFamily25,240 SF
Sold 10/28/2022
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Property Image
SOLD

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

117 167th Street

See Similar Deals
MultiFamily25,240 SF
Sold 10/28/2022
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Summary

ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$74
Total Square Footage:25,240 SF
Transaction Type:Sale

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
23 deals$46.4M volume(312) 662-9590
BROKER

Derek Kaptanoglu
Compass
24 deals$79.3M volume(858) 221-9649
BROKER

Details

SOLD
IMAGE: Derek Kaptanoglu & Brian Mond DATE: 10/28/2022 ADDRESS: 117 167th St MARKET: Calumet City, IL ASSET TYPE: Multifamily BROKERS: Brian Mond (@Brian_Mond) & Derek Kaptanoglu - Essex Realty Group, Inc. (@EssexRealtyGroupInc) SALE PRICE: $1,875,000 UNITS: 30 ~ PPU: $62,500 SF: 25,240 ~ PPSF: $74 NOTE FROM BROKER: Congratulations to all involved in this transaction! Please contact Essex (@essexrealtygroupinc) with any questions regarding this sale.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,661.47
Cash-on-Cash Return-1.27%
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