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4313 South King Drive

Rory Threatt Facilitates Sale Of Multifamily Property In Chicago For $1.2M
SOLDMultiFamily

Rory Threatt Facilitates Sale Of Multifamily Property In Chicago For $1.2M

$1,200,000

$104/SF

Building Size

11,460 SF

Asset Type

MultiFamily

Closing

Nov 3, 2023

AI

The multifamily property at 4313 S King Dr in Chicago was sold in a closed transaction. The property consists of 6 units and was sold for a total price of $1,200,000. Each unit was priced at $200,000, and the sale included a per-square-foot cost of $105. The property spans a total of 11,460 square feet.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,200,000
  • Units: 6
  • Price per Unit: $200,000
  • Square Footage: 11,460
  • Price per Square Foot: $105

Rory Threatt from Main Street Real Estate Group represented the buyer in this transaction. As the buyer's representative, Rory played a crucial role in facilitating the deal. On the other side, Elijah Reese and Vadie Reese of Serene Realty Inc represented the seller. Together, they worked to ensure a successful transaction for both parties involved.

NOTE: The sale of the multifamily property at 4313 S King Dr highlights the expertise and representation provided by Rory Threatt, Elijah Reese, and Vadie Reese. The collaborative efforts of these professionals resulted in a successful closed transaction.

Players

Rory Threatt

Main Street Real Estate Group

Broker

$2.5M

vol

2 deals

Broker

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

13.22%

Cash-on-Cash

-3.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93