Marcus & Millichap Sells 19-Unit Multifamily Property In Cicero For $1.175M
1900 South 51st Avenue, Cicero, IL, USA
$1,175,000
$91/SF
Building Size
12,850 SF
Asset Type
MultiFamily
Closing
Nov 25, 2020
AI
The multifamily property located at 1900 S. 51st Avenue in Cicero has been sold in a closed transaction. The transaction took place on November 26, 2020. The property consists of 19 units and was sold for a price of $1,175,000. The price per unit was $61,842.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,175,000
- Units: 19
- Price per Unit: $61,842
- Market: Cicero
The sale of this multifamily property was facilitated by the brokers Steven D. Weinstock, Andrean Angelov, Ryan D. Engle, and Samuel M. Antreasian from Marcus & Millichap.
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
13.50%
Cash-on-Cash
-3.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93