Updated Jan 7, 2026
Mike Kaplun Acquires Multifamily Property At 4431 N. Racine Chicago For $1.185M
4431 N. Racine
$1,185,000
$131/SF
Building Size
9,000 SF
Asset Type
MultiFamily
Closing
Jun 3, 2019
About this deal
AI
The property asset involved in this transaction is a MultiFamily building located at 4431 N. Racine in the Chicago market. The property was sold for $1,185,000.00 and encompasses a total square footage of 9,000.0.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,185,000.00
- Address: 4431 N. Racine
- Market: Chicago
- Square Footage: 9,000.0
- Buyer: Mike Kaplun
- Broker: Steven Rapoport - CRER (Chicago Real Estate Resources)
This transaction was facilitated by broker Steven Rapoport from CRER (Chicago Real Estate Resources), representing the interests of the buyer, Mike Kaplun. The deal reflects active engagement in the Chicago real estate market.
Players
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.39%
Cash-on-Cash
-3.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93