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
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