Essex Realty Group Sells Cicero Multifamily For $2.61M To Unnamed Buyer
2123 South 51st Court
$2,610,000
$138/SF
Building Size
18,850 SF
Asset Type
MultiFamily
Closing
Jun 13, 2024
AI
The multifamily property located at 2123 South 51st Court in Cicero was sold for $2,610,000. The asset comprises 34 units spanning 18,850 square feet, resulting in a price per unit of $76,765 and a price per square foot of $138.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,610,000
- Units: 34
- Price Per Unit: $76,765
- Square Footage: 18,850
- Price Per Square Foot: $138
- Address: 2123 South 51st Court
- Market: Cicero
The sale of this property was facilitated by Brian Karmowski, Mariano Mollo, Anthony Citriglia, and Karla Galva from Essex Realty Group. They played a pivotal role in ensuring the successful completion of the transaction, representing the parties involved in the deal.
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
6.08%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93