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4924 South King Drive

Lauren Lampert Of Compass Acquires Chicago Multifamily For $1.3M With Buyer's Rep
SOLDMultiFamily

Lauren Lampert Of Compass Acquires Chicago Multifamily For $1.3M With Buyer's Rep

4924 South King Drive

$1,300,000

$100/SF

Building Size

13,000 SF

Asset Type

MultiFamily

Closing

Mar 7, 2024

AI

An asset in the Chicago market, a multifamily property located at 4924 South King Drive, was recently sold for $1,300,000. This property consists of 6 units spread over 13,000 square feet, with a price per unit of $216,667 and a price per square foot of $100.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,300,000
  • Units: 6
  • PPU: $216,667
  • SF: 13,000
  • PPSF: $100
  • Address: 4924 South King Drive
  • Market: Chicago

Lauren Lampert from Compass represented the buyer in this transaction, while Karen Biazar and Staci Slattery from North Clybourn Group acted as the seller's representatives, facilitating the sale of this multifamily property.

Players

Karen Biazar

North Clybourn Group

Broker

$34.4M

vol

24 deals

Broker

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

12.20%

Cash-on-Cash

-3.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93