Updated Dec 4, 2024
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
About this deal
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.
On the Map
$1,000,000
$210/SF
MultiFamily
View full map
Players
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Alice Berger to view all their deals.
Browse Chicago multifamily sales on Traded.
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