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Alice Berger & Kevin Sullivan Close $1M Land Sale In Chicago
SOLD
$1,000,000
Illinois
See Similar DealsMultiFamily4,750 SF
Sold 04/19/2024
SOLD
Alice Berger & Kevin Sullivan Close $1M Land Sale In Chicago
4644 North Virginia Avenue
See Similar DealsMultiFamily4,750 SF
Sold 04/19/2024
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$210
Total Square Footage:4,750 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$53,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,552.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,740.51
Annual Debt Service$56,886.12
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