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Mariano Mollo And Anthony Citriglia Represent Seller In $1.72M Summit Multifamily Sale

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SOLD
$1,715,000

Illinois

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MultiFamily11,050 SF
Sold 08/22/2025
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Property Image
SOLD

Mariano Mollo And Anthony Citriglia Represent Seller In $1.72M Summit Multifamily Sale

7349 57th Street

See Similar Deals
MultiFamily11,050 SF
Sold 08/22/2025
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Summary

ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$155
Total Square Footage:11,050 SF
Transaction Type:Sale

The property asset involved in this transaction is a multifamily building located at 7349 57th Street in the Summit market. The sale price was $1,717,500, covering 17 units with a price per unit of $101,029. The total square footage of the asset is 11,050, which translates to a price per square foot of $155.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,717,500
  • Units: 17
  • Price Per Unit: $101,029
  • Total Square Feet: 11,050
  • Price Per Square Foot: $155
  • Seller's Representative: Mariano Mollo - Avenue 1 Realty Group; Anthony Citriglia - Essex Realty Group

The key individuals involved in this transaction include seller's representatives Mariano Mollo from Avenue 1 Realty Group and Anthony Citriglia from Essex Realty Group, who facilitated the sale of the multifamily asset. Their contributions were instrumental in the completion of this transaction.

Players

Anthony Citriglia
30 deals$93.4M volume
BROKER

Mariano Mollo
 Avenue 1 Realty Group
5 deals$14.6M volume(773) 682-9045
BROKER

Essex Realty Group
BROKERAGE

Details

SOLD
IMAGE: Anthony Citriglia & Mariano Mollo DATE: 08/22/2025 ADDRESS: 7349 57th Street MARKET: Summit ASSET TYPE: Multifamily SELLER'S REP: Mariano Mollo - Avenue 1 Realty Group; Anthony Citriglia (@Mr_multifamily) - Essex Realty Group (@EssexRealtyGroup) SALE PRICE: $1,717,500 UNITS: 17 ~ PPU: $101,029 SF: 11,050 ~ PPSF: $155

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,093.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,129.97
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