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Michael Scanlon Acquires Multifamily Property In Bronzeville, Chicago For $1.099M

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SOLD
$1,099,000

Illinois

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MultiFamily4,800 SF
Sold 10/19/2022
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Property Image
SOLD

Michael Scanlon Acquires Multifamily Property In Bronzeville, Chicago For $1.099M

4906 S St Lawrence Ave, Chicago, IL 60615, USA

See Similar Deals
MultiFamily4,800 SF
Sold 10/19/2022
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Summary

ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$229
Total Square Footage:4,800 SF
Transaction Type:Sale

The multifamily property located at 4906 S St Lawrence Ave in Bronzeville, Chicago, IL has been sold in a recent transaction. The property consists of 3 units with a total square footage of 4,800. The sale price for this transaction was $1,099,000, resulting in a price per unit of approximately $366,333. The price per square foot for the property is approximately $229. The sale was completed on 10/19/2022.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,099,000
  • Units: 3
  • Price per Unit: $366,333
  • Square Footage: 4,800
  • Price per Square Foot: $229

In this transaction, Michael Scanlon acted as both the buyer and the buyer's representative. The seller, Tom Primbas, was represented by Karen Biazar from North Clybourn Group, Inc. NOTE: Michael Scanlon is also the buyer's representative for this deal, representing himself as the buyer.

Players

2 deals$2.2M volume
SELLER

Details

SOLD
IMAGE: Michael Scanlon DATE: 10/19/2022 ADDRESS: 4906 S St Lawrence Ave MARKET: Bronzeville, Chicago, IL ASSET TYPE: Multifamily BUYER: Michael Scanlon SELLER: Tom Primbas BUYER'S REP: Michael Scanlon (@MichaelScanlonRealtor) - Exp Realty (@ExpRealty_) SELLER'S REP: Karen Biazar - North Clybourn Group, Inc SALE PRICE: $1,099,000 UNITS: 3 ~ PPU: $366,333 SF: 4,800 ~ PPSF: $229

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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