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
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