Cicero Multifamily Sold For $1.525M With Brokers Alen Redzic & James Clough
5758 West 35th Street
$1,525,000
$136/SF
Building Size
11,200 SF
Asset Type
MultiFamily
Closing
Dec 15, 2024
AI
The asset involved in this transaction is a multifamily property located at 5758 West 35th Street in Cicero. The sale price for the property was $1,525,000. The building comprises 16 units and has a total square footage of 11,200, resulting in a price per unit of $95,312 and a price per square foot of $136.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $1,525,000
- Units: 16
- Total Square Footage: 11,200
- Price Per Unit: $95,312
- Price Per Square Foot: $136
The brokers managing this transaction are Alen Redzic and James Clough from Real Realty, representing the parties involved in the sale of the property.
Players
Cicero 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
10.40%
Cash-on-Cash
-2.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93