Updated Dec 19, 2023
33 Realty Acquires Multifamily Assets In Alsip, IL For $30.5M
4622 W 122nd St, Alsip, IL, USA
$30,500,000
Units
297
Asset Type
MultiFamily
Closing
Jul 30, 2020
About this deal
AI
The multifamily property located at 4622 W 122nd St & 3621 W 119th St in Alsip, IL was recently sold for a total of $30,500,000. The transaction took place on 07/30/2021. The property consists of 300 units, with a per unit price of $101,667.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $30,500,000
- Units: 300
- Price Per Unit (PPU): $101,667
- Market: Alsip, IL
The buyer was represented by Sean Connelly and George Kokkonas from 33 Realty, while Tara Mathew from Prime Equities Corp acted as the seller's representative.
On the Map
$30,500,000
MultiFamily
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Players
Alsip 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
0.52%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93