33 Realty Acquires Multifamily Assets In Alsip, IL For $30.5M
SOLD
$30,500,000
Illinois
See Similar DealsMultiFamily
Sold 07/30/2020
SOLD
33 Realty Acquires Multifamily Assets In Alsip, IL For $30.5M
4622 W 122nd St, Alsip, IL, USA
See Similar DealsMultiFamily
Sold 07/30/2020
Summary
ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,626,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$108,360.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$144,585.56
Annual Debt Service$1,735,026.72
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