Updated Oct 28, 2024
Masro Property Group Acquires Multifamily Property In Midlothian, IL For $9.15M
3434 147th Street, Midlothian, IL, USA
$9,150,000
$91/SF
Building Size
100,595 SF
Asset Type
MultiFamily
Closing
Aug 20, 2021
About this deal
AI
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.
On the Map
$9,150,000
$91/SF
MultiFamily
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Midlothian 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
1.73%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93