facebook
Traded Co logo
Submit

Essex Realty Group Sells Cicero Multifamily For $2.61M To Unnamed Buyer

Property Image
SOLD
$2,610,000
Brian Karmowski
Mariano Mollo
+ 1

Illinois

See Similar Deals
MultiFamily18,850 SF
Sold 06/13/2024
the dealplayerscompscontact
Property Image
SOLD

Essex Realty Group Sells Cicero Multifamily For $2.61M To Unnamed Buyer

2123 South 51st Court

See Similar Deals
MultiFamily18,850 SF
Sold 06/13/2024
Brian Karmowski
Mariano Mollo
+ 1
Contact now

Summary

ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$138
Total Square Footage:18,850 SF
Transaction Type:Sale

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

Brian Karmowski
42 deals$279.1M volume
BROKER

Anthony Citriglia
Essex Realty Group
30 deals$93.4M volume
BROKER

Mariano Mollo
 Avenue 1 Realty Group
5 deals$14.6M volume(773) 682-9045
BROKER

Karla Galva
Essex Realty Group
4 deals$8.8M volume(773) 305-4900
BROKER

Details

SOLD
IMAGE: Mariano Mollo, Anthony Citriglia, Brian Karmowski & Karla Galva DATE: 06/13/2024 ADDRESS: 2123 South 51st Court MARKET: Cicero ASSET TYPE: Multifamily BROKERS: Brian Karmowski, Mariano Mollo, Anthony Citriglia (@Mr_Multifamily) & Karla Galva - Essex Realty Group (@EssexRealtyGroupInc) SALE PRICE: $2,610,000 UNITS: 34 ~ PPU: $76,765 SF: 18,850 ~ PPSF: $138

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$139,200.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,272.78
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,372.73
Annual Debt Service$148,472.78