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

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SOLD
$1,045,000

Illinois

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MultiFamily
Sold 07/19/2024
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Property Image
SOLD

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

4022 South Calumet Avenue

See Similar Deals
MultiFamily
Sold 07/19/2024
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Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

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
24 deals$34.4M volume
BROKER

Staci Slattery
North Clybourn Group
10 deals$12.4M volume
BROKER

Paul Crump
Crump Realty Group
1 deal$1M volume(312) 373-9388
BROKER

Details

SOLD
IMAGE: Paul Crump, Staci Slattery & Karen Biazar DATE: 07/19/2024 ADDRESS: 4022 South Calumet Avenue MARKET: Chicago ASSET TYPE: Multifamily BUYER'S REP: Paul Crump (@PaulCrump7) - Crump Realty Group (@CrumpRealtyGroup) SELLER'S REP: Karen Biazar (@KarenBiazar) & Staci Slattery (@StaciSlattery) - North Clybourn Group (@NCGChicago) SALE PRICE: $1,045,000 NOTE: Paul Crump of Crump Realty Group & Inc represented the buyer in the $1,045,000 acquisition of 4022 South Calumet Avenue in Chicago's Bronzeville. The property features a premium location with three 3-bedroom, 2-bathroom units, rear patios, decks, and three-car garages, showcasing modern amenities such as stainless steel appliances, quartz islands, and high-efficiency furnaces, ideally situated near Mariano's and the Indiana Green Line. Karen Biazar and Staci Slattery of North Clybourn Group acted as the seller's representatives in the transaction.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$55,733.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,712.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,953.83
Annual Debt Service$59,446.00