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2123 South 51st Court

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

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

Brian Karmowski

Essex Realty Group

Broker

$286M

vol

43 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

6.08%

Cash-on-Cash

-1.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93