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:
- Property Type: Multifamily
- Transaction Amount: $1,045,000
- Address: 4022 South Calumet Avenue
- Market: Chicago
- Buyer's Representative: Paul Crump - Crump Realty Group
- Seller's Representatives: Karen Biazar & Staci Slattery - North Clybourn Group
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
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