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Lauren Lampert Of Compass Acquires Chicago Multifamily For $1.3M With Buyer's Rep
SOLD
Illinois
See Similar DealsMultiFamily13,000 SF
Sold 03/07/2024
SOLD
Lauren Lampert Of Compass Acquires Chicago Multifamily For $1.3M With Buyer's Rep
4924 South King Drive
See Similar DealsMultiFamily13,000 SF
Sold 03/07/2024
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$100
Total Square Footage:13,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$69,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,618.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,162.66
Annual Debt Service$73,951.96
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