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4022 South Calumet Avenue

Paul Crump Of Crump Realty Group Represents Buyer In $1.045M Chicago Multifamily Sale
SOLDMultiFamily

Paul Crump Of Crump Realty Group Represents Buyer In $1.045M Chicago Multifamily Sale

4022 South Calumet Avenue

$1,045,000

Building Size

Asset Type

MultiFamily

Closing

Jul 19, 2024

AI

The property located at 4022 South Calumet Avenue in Chicago's Bronzeville sold for $1,045,000. This multifamily asset features three units, each consisting of three bedrooms and two bathrooms, as well as rear patios, decks, and three-car garages. Modern amenities include stainless steel appliances, quartz islands, and high-efficiency furnaces, making it a desirable property in a premium location, conveniently near Mariano's and the Indiana Green Line.

Summary of transaction details:

Paul Crump of Crump Realty Group represented the buyer in this transaction, while Karen Biazar and Staci Slattery of North Clybourn Group acted as the seller's representatives. This collaborative effort between the brokers facilitated the successful acquisition of the property.

Players

Karen Biazar

North Clybourn Group

Broker

$34.4M

vol

24 deals

Broker

Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

15.18%

Cash-on-Cash

-4.34%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93