Ryan Engle - Marcus & Millichap Represents Mark Sobiech In $1.3M Cicero Multifamily Sale

Located at 1426 South Cicero Avenue in Cicero, this multifamily property was recently sold in a closed transaction. The property spans 15,000 square feet and consists of 24 units. The sale price for this asset was $1,300,000, resulting in a price per square foot of $87. The purchase price per unit was $54,167. With a capitalization rate of 9.04%, this property offers a lucrative investment opportunity.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $1,300,000
• Square Footage: 15,000
• Units: 24
• Price Per Square Foot: $87
• Price Per Unit: $54,167
• Market: Cicero

The buyer in this transaction was Mark Sobiech, represented by Ryan Engle from Marcus & Millichap. On the other side, Tony Giannini served as the seller, while Christopher Malay, also from Marcus & Millichap, acted as the seller's representative. Their involvement highlights the key individuals and companies behind the deal.