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Karen Biazar And Lisa Magidson Of North Clybourn Group Represent Buyer In Chicago Multifamily Sale For $1.02M

Property Image
SOLD
$1,020,000
Karen Biazar
Tina Hollins
Lisa Magidson

Illinois

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MultiFamily
Sold 11/20/2024
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Property Image
SOLD

Karen Biazar And Lisa Magidson Of North Clybourn Group Represent Buyer In Chicago Multifamily Sale For $1.02M

4934 South Michigan Avenue

See Similar Deals
MultiFamily
Sold 11/20/2024
Karen Biazar
Tina Hollins
Lisa Magidson
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

A 4-unit multifamily building located at 4934 South Michigan Avenue in Chicago's Bronzeville neighborhood has been sold for $1.02 million. The property comprises updated apartments, including a furnished garden unit, generating income potential, with one unit delivered vacant. The price per unit is $255,000.

Summary of transaction details:

The transaction was facilitated by the representation of Karen Biazar and Lisa Magidson from North Clybourn Group for the buyer. The seller's side was represented by Tina Hollins from Coldwell Banker.

Players

Karen Biazar
North Clybourn Group
Karen Biazar
24 deals$34.4M volume
BROKER
Tina Hollins
Coldwell Banker
Tina Hollins
1 deal$1M volume(773) 999-0097
BROKER
Lisa Magidson
North Clybourn Group
Lisa Magidson
1 deal$1M volume(773) 691-2049
BROKER

Details

SOLD
IMAGE: Lisa Magidson, Tina Hollins & Karen Biazar DATE: 11/20/2024 ADDRESS: 4934 South Michigan Avenue MARKET: Chicago ASSET TYPE: Multifamily BUYER'S REP: Karen Biazar (@KarenBiazar) & Lisa Magidson (@Lisamsellschicago) - North Clybourn Group (@NCGChicago) SELLER'S REP: Tina Hollins (@TinaHollins_chicagorealtor) - Coldwell Banker (@ColdwellBanker) SALE PRICE: $1,020,000 UNITS: 4 ~ PPU: $255,000 NOTE: A 4-unit multifamily building at 4934 South Michigan Avenue in Chicago's Bronzeville neighborhood sold for $1.02 million ($255,000 per unit). Represented by Karen Biazar and Lisa Magidson of North Clybourn Group, the property features updated apartments, a furnished garden unit, and income potential, with one unit delivered vacant.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$54,400.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,623.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,835.32
Annual Debt Service$58,023.84