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2100 S 51st Ave, Chicago, I...

Updated Sep 6, 2024

$775,000 Sale Of Property At 2100 S 51st Ave In Cicero With Seller's Rep Andrean Angelov
SOLDMultiFamily

$775,000 Sale Of Property At 2100 S 51st Ave In Cicero With Seller's Rep Andrean Angelov

2100 S 51st Ave, Chicago, IL, 60804

$775,000

Units

15

Asset Type

MultiFamily

Closing

Jan 24, 2019

About this deal

AI

The property asset involved in this transaction is a 15-unit apartment building located at 2100 S 51st Ave, Chicago, IL, 60804. The property sold for $775,000 and encompasses a total square footage of 0. The market for this transaction is Cicero, and the property includes six studios, four one-bedroom/one-bathroom units, and five two-bedroom/one-bathroom units. Each unit is tenant-heated with individual HVAC systems, ample storage space, and an on-site laundry facility. The location is approximately eight miles southwest of the Chicago Loop, providing convenient access to Interstates 55 and 290, as well as nearby CTA Pink Line and Cicero Metra train stations.

Summary of transaction details:

Key individuals involved in this deal include Andrean Angelov, Ryan D. Engle, and Samuel M. Antreasian, who are all affiliated with Marcus & Millichap’s Chicago Oak Brook office. They exclusively marketed the property on behalf of the seller, while Angelov and Engle also represented the buyer in this transaction.

Players

Andrean Angelov

Marcus & Millichap

Broker

$22.9M

vol

19 deals

Broker

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

20.47%

Cash-on-Cash

-5.85%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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