Lawrence Dunning Acquires Multifamily Property On S Prairie Ave, Chicago For $1.035M
4917 South Prairie Avenue, Chicago, IL 60615
$1,035,000
$255/SF
Building Size
4,050 SF
Asset Type
MultiFamily
Closing
Dec 10, 2021
AI
A multifamily property located at 4917 S Prairie Ave in Chicago has been sold for a price of $1,035,000. The property consists of 4 units with an average price per unit of $258,750. It has a lot size of 4,050 square feet, resulting in a price per square foot of $256.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,035,000
- Address: 4917 S Prairie Ave
- Market: Chicago
- Units: 4
- Price per Unit: $258,750
- Lot Size: 4,050 square feet
- Price per Square Foot: $256
The buyer's representative in this transaction was Lawrence Dunning from Main Street Real Estate Group, while the seller's representative was Karen Biazar from North Clybourn Group Inc.
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
15.33%
Cash-on-Cash
-4.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93