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Multifamily Greystone At 4613 North Malden Street Sells For $1.03M In Chicago

Property Image
SOLD
$1,030,000
Elizabeth Pyle
Santiago Valdez
Ashley Cox

Illinois

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MultiFamily
Sold 11/07/2024
the dealplayerscompscontact
Property Image
SOLD

Multifamily Greystone At 4613 North Malden Street Sells For $1.03M In Chicago

4613 North Malden Street

See Similar Deals
MultiFamily
Sold 11/07/2024
Elizabeth Pyle
Santiago Valdez
Ashley Cox
the dealplayerscompscontact
Contact now

Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

A historic 3-unit greystone at 4613 North Malden Street in Chicago’s Sheridan Park Historic District was sold for $1,030,000. The fully upgraded 1899 building features two 2-bedroom, 2-bathroom units and a 1-bedroom garden unit. The property includes in-unit laundry, vintage architectural details, and a 2-car garage, with all tenants currently on month-to-month leases. It consists of a total of 3 units with a price per unit of $343,333.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,030,000
  • Address: 4613 North Malden Street
  • Market: Chicago
  • Units: 3
  • Price Per Unit: $343,333

The transaction involved brokers Ashley Cox, Elizabeth Pyle, and Santiago Valdez from Compass, who represented the parties involved in the sale.

Players

Elizabeth Pyle
Compass
Elizabeth Pyle
2 deals$1M volume(773) 383-5417
BROKER
Santiago Valdez
Compass
Santiago Valdez
2 deals$1M volume(773) 858-2410
BROKER
Ashley Cox
Compass
Ashley Cox
1 deal$1M volume(773) 742-8218
BROKER

Details

SOLD
IMAGE: Elizabeth Pyle, Ashley Cox & Santiago Valdez DATE: 11/07/2024 ADDRESS: 4613 North Malden Street MARKET: Chicago ASSET TYPE: Multifamily BROKERS: Ashley Cox (@TheAshleyCoxGroup), Elizabeth Pyle (@Elizabeth_Pyle_realtor) & Santiago Valdez (@Enlightenedbro) - Compass SALE PRICE: $1,030,000 UNITS: 3 ~ PPU: $343,333 NOTE: A historic 3-unit greystone at 4613 North Malden Street in Chicago’s Sheridan Park Historic District sold for $1,030,000. The fully upgraded 1899 building includes two 2-bed, 2-bath units, a 1-bed garden unit, in-unit laundry, vintage architectural details, and a 2-car garage, with all tenants currently on month-to-month leases.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$54,933.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,659.37
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,882.73
Annual Debt Service$58,592.71