Levitin & Associates, P.C. Acquires Midlothian 54-Flats Portfolio For $4.1M
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This property located in IL was sold for $4,100,000 about 2 years ago. The brokers of the deal were Christopher Malay and Eric Bell
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- Location3625 147th Street, Midlothian, Illinois 60445, United States
- Sale Price$4,100,000$104 PPSF
- Area39,150 SF
- Parties2 Brokers, 1 Agency
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Deal Summary
SALE
IMAGE: Christopher Malay
DATE: 01/21/2022
ADDRESS: 3625 147th Street
MARKET: Midlothian, IL
ASSET TYPE: Package Deal
BUYER: Levitin & Associates, P.C.
SELLER: Larry Cyz
BROKERS: Christopher Malay & Eric Bell - Marcus & Millichap
SALE PRICE: $4,100,000
BUILDINGS: 9 ~ PPB: $455,555
UNITS: 54 ~ PPU: $75,925
SF: 39,150 ~ PPSF: $105
NOTE FROM BROKER'S: Christopher Malay and Eric Bell of Marcus & Millichap were hired to exclusively market the Midlothian 54-Flats Portfolio, a nine-building portfolio totaling 54-units in Midlothian, IL. Mr. Malay and Mr. Bell procured the buyer, an out-of-state investor, who acquired the portfolio to further their economies of scale growth within the Midlothian market. The scattered-site portfolio is assembled in two locations, along 147th Street and Keystone Avenue, which are located within a half mile from one another.
Addresses: 3625 & 3635 147th Street - 3626, 3632, 3638 & 3646 147th Place - 14618, 14619 & 14643 Keystone Avenue
Listing and Selling Agents: Christopher Malay & Eric Bell
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3625 147th Street
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