Danny Logarakis - Kiser Group Sells 4-Unit Multifamily Property In Uptown, Chicago For $1.175M
4507 North Clark Street, Chicago, Illinois 60640, United States
$1,175,000
$200/SF
Building Size
5,874 SF
Asset Type
MultiFamily
Closing
May 30, 2022
AI
The multifamily property located at 4507 N Clark St in Uptown, Chicago has been sold. The sale was facilitated by Danny Logarakis from Kiser Group. The transaction took place on 05/31/2022.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $1,175,000
- Number of Units: 4
- Price per Unit: $293,750
- Total Square Footage: 5,874
- Price per Square Foot: $200
During the sale, the property was valued at $1,175,000. It consists of 4 units, with each unit having a price of $293,750. The total square footage of the property is 5,874, resulting in a price per square foot of $200.
Danny Logarakis from Kiser Group represented the parties involved in the transaction, ensuring a successful sale of the property.
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
13.50%
Cash-on-Cash
-3.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93