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

Property Image
SOLD
$1,200,000

Illinois

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MultiFamily11,460 SF
Sold 11/03/2023
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Property Image
SOLD

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

MultiFamily11,460 SF
Sold 11/03/2023
Contact now

Summary

Asset Type:MultiFamily
Price Per Square Foot:$104
Total Square Footage:11,460 SF
Transaction Type:Sale

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
2 deals$2.5M volume
BROKER

Elijah Reese
Serene Realty
1 deal$1.2M volume(312) 848-2947
BROKER

Vadie Reese
Serene Realty
1 deal$1.2M volume(312) 560-0208
BROKER

Details

SOLD
IMAGE: Rory Threatt, Elijah Reese & Vadie Reese DATE: 11/03/2023 ADDRESS: 4313 South King Drive MARKET: Chicago ASSET TYPE: Multifamily BUYER'S REP: Rory Threatt (@Rory_Threatt_) - Main Street Real Estate Group (@MainStreetREG) SELLER'S REP: Elijah Reese (@ElijahReeseRealtor) & Vadie Reese (@VadieReeseRealtor) - Serene Realty Inc (@SereneRealtyInc) SALE PRICE: $1,200,000 UNITS: 6 ~ PPU: $200,000 SF: 11,460 ~ PPSF: $105 NOTE: The multifamily property at 4313 S King Dr in Chicago, comprising 6 units with a sale price of $1,200,000, was facilitated by Rory Threatt as the buyer's representative. Elijah Reese and Vadie Reese of Serene Realty, Inc. represented the seller in the transaction, with each unit priced at $200,000 and a per-square-foot cost of $105.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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