Marc Zale Of Compass Represents Buyer In Sale Of Land At 533 West Grant Place For $1.22M
533 West Grant Place
$1,220,000
$525/SF
Building Size
2,322 SF
Asset Type
Land
Closing
Sep 4, 2024
About this deal
AI
A 2,322-square-foot lot located at 533 West Grant Place in Chicago has been sold for $1.22 million. The property is part of a bulk sale involving five lots and offers potential for the construction of a luxury home with access to upscale amenities.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $1,220,000
- Lot Size: 2,322 sq ft
- Price per Lot Square Foot: $525
- Buyer's Representative: Marc Zale - Compass
- Seller's Representatives: Natasha Motev & Zachary Zisook - Jameson Sotheby's International Realty
- Transaction Date: 09/04/2024
- Market: Chicago
Marc Zale represented the buyer in this transaction, while the seller was represented by Natasha Motev and Zachary Zisook. The collaboration involved multiple parties during the completion of 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
13.00%
Cash-on-Cash
-3.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93