Danny Logarakis - Kiser Group Sells 4-Unit Multifamily Property In Uptown, Chicago For $1.175M
SOLD
$1,175,000
Illinois
See Similar DealsMultiFamily5,874 SF
Sold
SOLD
Danny Logarakis - Kiser Group Sells 4-Unit Multifamily Property In Uptown, Chicago For $1.175M
4507 North Clark Street, Chicago, Illinois 60640, United States
See Similar DealsMultiFamily5,874 SF
Sold
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$200
Total Square Footage:5874 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$62,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,174.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,570.10
Annual Debt Service$66,841.19
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