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4906 South Saint Lawrence A...

Michael Scanlon Acquires Multifamily Property In Bronzeville, Chicago For $1.1M
SOLDMultiFamily

Michael Scanlon Acquires Multifamily Property In Bronzeville, Chicago For $1.1M

4906 South Saint Lawrence Avenue, Chicago, Illinois 60653, United States

$1,099,000

$229/SF

Building Size

4,800 SF

Asset Type

MultiFamily

Closing

Oct 18, 2022

AI

A multifamily property located at 4906 S St Lawrence Ave in Bronzeville, Chicago, IL, has been sold. 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 $366,333 and a price per square foot of $229.

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

Michael Scanlon purchased the property from the seller, Tom Primbas. Michael Scanlon was represented by Michael Scanlon of Exp Realty, while Tom Primbas was represented by Karen Biazar of North Clybourn Group, Inc.

Players

Karen Biazar

North Clybourn Group

Broker

$34.4M

vol

24 deals

Broker

Tom Primbas

Seller

$2.2M

vol

2 deals

Seller

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

14.43%

Cash-on-Cash

-4.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93