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.
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