Updated Dec 19, 2023
Maribeth Garrett & Patrick Dolan's Berkshire Hathaway HomeServices Chicago Acquires Multifamily Property In Alsip For $1.125M
5550 West 127th Street, Alsip, IL, USA
$1,125,000
$68/SF
Building Size
16,405 SF
Asset Type
MultiFamily
Closing
Apr 11, 2021
About this deal
AI
A multifamily property located at 5550 W 127th St in Alsip, IL has been sold for $1,125,000. The property consists of 12 units, resulting in a price per unit of $93,750.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,125,000
- Units: 12
- Price Per Unit: $93,750
- Market: Alsip, IL
The buyer's representative in this transaction was Maribeth Garrett from Berkshire Hathaway HomeServices Chicago, while the seller's representative was Patrick Dolan from Dolan Realty Group.
The multifamily sale at 5550 West 127th Street, Alsip, IL, USA in Alsip, Illinois sold for $1.1M in 2021. Reported inventory is 16,405 square feet across 12 units, or about 68 per square foot. Patrick Dolan, Maribeth Garrett, Berkshire Hathaway HomeServices, Re/Max appear on the sale alongside Berkshire Hathaway HomeServices, Re/Max. This page is the Alsip, Illinois file for the 5550 West 127th Street, Alsip, IL, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Alsip sit in the Market section below. Filter that Alsip multifamily set by closing date to see what else sold near 5550 West 127th Street, Alsip, IL, USA around 2021. Published consideration for 5550 West 127th Street, Alsip, IL, USA is $1.1M, dated 2021. Cite this Maribeth Garrett & Patrick Dolan's Berkshire Hathaway HomeServices Chicago Acquires Multifamily Property In Alsip For $1.125M sale when underwriting similar multifamily product around Alsip, Illinois.
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
14.10%
Cash-on-Cash
-4.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93