Alice Berger & Kevin Sullivan Close $1M Land Sale In Chicago
4644 North Virginia Avenue
$1,000,000
$210/SF
Building Size
4,750 SF
Asset Type
MultiFamily
Closing
Apr 19, 2024
AI
Located at 4644 North Virginia Avenue in Chicago, the property involved in this transaction is a vacant land spanning 4,750 square feet. The sale price for this asset was $1,000,000, resulting in a price per square foot of $211.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $1,000,000
- Address: 4644 North Virginia Avenue, Chicago
- Market: Chicago
- Buyer's Representative: Kevin Sullivan - Coldwell Banker
- Seller's Representative: Alice Berger - @Properties Christie's International Real Estate
Kevin Sullivan from Coldwell Banker acted as the buyer's representative in this deal, while Alice Berger represented the seller through @Properties Christie's International Real Estate. The property's transaction highlights the collaboration between these two real estate professionals in facilitating the sale of the vacant land in Chicago.
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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93