Lucas Fryman, David Goss, Jon Morgan, And Sam Gutierrez Broker A $1.9M Sale Of A Multifamily Asset In Bronzeville, Chicago

A multifamily property located at 4351-59 S. Martin Luther King Drive in Bronzeville, Chicago has been sold for $1,925,000. The property consists of 18 units, resulting in a price per unit of $107,000. The transaction took place on May 14, 2021, and the property boasts a cap rate of 6.9% and a gross rent multiplier (GRM) of 7.07.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,925,000
• Units: 18
• Price Per Unit: $107,000
• Cap Rate: 6.9%
• GRM: 7.07

The sale of this multifamily property was facilitated by the brokers Lucas Fryman, David Goss, Jon Morgan, and Sam Gutierrez. These individuals represented the buyer and seller in the transaction, ensuring a successful deal for both parties involved.