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
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