Lawrence Dunning Acquires Multifamily Property On S Prairie Ave, Chicago For $1.035M
SOLD
$1,035,000
Illinois
See Similar DealsMultiFamily4,050 SF
Sold 12/10/2021
SOLD
Lawrence Dunning Acquires Multifamily Property On S Prairie Ave, Chicago For $1.035M
4917 South Prairie Avenue, Chicago, IL 60615
See Similar DealsMultiFamily4,050 SF
Sold 12/10/2021
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$255
Total Square Footage:4,050 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$55,200.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,677.14
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,906.43
Annual Debt Service$58,877.14
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