Updated Dec 20, 2023
Interra Realty Facilitates $1.4M Sale Of Multifamily Property In Cicero, Chicago
1900 South 51st Avenue
$1,435,000
$111/SF
Building Size
12,850 SF
Asset Type
MultiFamily
Closing
Feb 24, 2022
About this deal
AI
The multifamily property located at 1900 S 51st Ave in Cicero, Chicago was recently sold in a transaction facilitated by Paul Waterloo and Patrick Kennelly of Interra Realty. The sale took place on February 25, 2022, at a purchase price of $1,435,000. The property consists of 19 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,435,000
- Address: 1900 S 51st Ave, Cicero, Chicago
- Market: Cicero, Chicago
- Brokers: Paul Waterloo & Patrick Kennelly - Interra Realty
- Units: 19
This sale transaction showcases the expertise and negotiation skills of Paul Waterloo and Patrick Kennelly from Interra Realty. With their assistance, the buyer was able to acquire this multifamily property in Cicero, Chicago at a favorable price. The sale demonstrates the demand for multifamily properties in the area, given its 19 units and desirable location.
Players
Cicero MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.05%
Cash-on-Cash
-3.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93