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Masro Property Group Acquires Multifamily Property In Midlothian, IL For $9.15M

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SOLD
$9,150,000

Illinois

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MultiFamily100,595 SF
Sold 08/20/2021
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SOLD

Masro Property Group Acquires Multifamily Property In Midlothian, IL For $9.15M

3434 147th Street, Midlothian, IL, USA

See Similar Deals
MultiFamily100,595 SF
Sold 08/20/2021
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Summary

ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$91
Total Square Footage:100,595 SF
Transaction Type:Sale

The multifamily property located at 3434 W. 147th St. in Midlothian, IL, was recently sold in a transaction facilitated by James Clough and Brian DiBasilio of Triad Real Estate Partners, LLC. The property, situated in the Southwest Cook market, consists of 168 units with a total square footage of 100,595. The sale price for this transaction was $9,150,000, resulting in a price per unit of $54,464 and a price per square foot of $91.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $9,150,000
  • Address: 3434 W. 147th St., Midlothian, IL
  • Market: Southwest Cook
  • Units: 168
  • Price per Unit: $54,464
  • Total Square Footage: 100,595
  • Price per Square Foot: $91

Masro Property Group, LLC purchased the property from ZK Realty, LLC in this transaction. The deal was successfully brokered by James Clough and Brian DiBasilio, representing Triad Real Estate Partners, LLC.

Players

Brian DiBasilio
9 deals$39.7M volume
BROKER

James Clough
Real Realty
11 deals$46.2M volume(773) 551-1268
BROKER

Details

SOLD
IMAGE: Brian DiBasilio & James Clough DATE: 08/20/2021 ADDRESS: 3434 W. 147th St. MARKET: Southwest Cook, Midlothian, IL ASSET TYPE: Multifamily BUYER: Masro Property Group, LLC SELLER: ZK Realty, LLC BROKER: James Clough & Brian DiBasilio - Triad Real Estate Partners, LLC ASKING PRICE: $9,750,000 SALE PRICE: $9,150,000 UNITS: 168 ~ PPU: $54,464 SF: 100,595 ~ PPSF: $91

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Operating Income
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$32,508.02
Cash-on-Cash Return-1.27%
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