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:
- Property Type: Land
- Transaction Amount: $1,125,000
- Acres: 0.74
- Address: 516 East Oakwood Boulevard
- Market: Chicago
- Buyer's Representative: Karen Biazar - North Clybourn Group
- Seller's Representatives: Paulette Edwards & Sybil Martin - Coldwell Banker Realty
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
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