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516 East Oakwood Boulevard

Chicago Land Sale For $1.125M With Buyer's Rep Karen Biazar And Seller's Reps Paulette Edwards & Sybil Martin
SOLDLand

Chicago Land Sale For $1.125M With Buyer's Rep Karen Biazar And Seller's Reps Paulette Edwards & Sybil Martin

516 East Oakwood Boulevard

$1,125,000

Building Size

Asset Type

Land

Closing

Aug 1, 2024

AI

A 0.74-acre parcel located at 516 East Oakwood Boulevard in Chicago's Bronzeville neighborhood sold for $1.125 million. This piece of land comprises seven vacant lots and is positioned for new development near key amenities and landmarks, making it appealing to investors.

Summary of transaction details:

This transaction involved key representatives from both sides, with Karen Biazar representing the buyer and Paulette Edwards alongside Sybil Martin representing the seller. The collaboration between North Clybourn Group and Coldwell Banker Realty facilitated this sale.

Players

Karen Biazar

North Clybourn Group

Broker

$34.4M

vol

24 deals

Broker

Chicago Land Market Snapshot

Boundary boundary · Land · 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