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5432 South Michigan Avenue

MultiFamily Property In Chicago Sold For $1.05M With North Clybourn Group Brokers
SOLDMultiFamily

MultiFamily Property In Chicago Sold For $1.05M With North Clybourn Group Brokers

5432 South Michigan Avenue

$1,055,000

Building Size

Asset Type

MultiFamily

Closing

Aug 28, 2023

AI

A multifamily property located at 5432 South Michigan Avenue in Chicago was sold for a total of $1,055,000. The property is part of the residential real estate market in Chicago.

Summary of Transaction Details

Karen Biazar and Staci Slattery, brokers from North Clybourn Group, facilitated the transaction of the multifamily property located at 5432 South Michigan Avenue in Chicago.

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

15.04%

Cash-on-Cash

-4.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93