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

Property Image
SOLD
$1,055,000
Staci Slattery
Karen Biazar

Illinois

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MultiFamily
Sold 08/28/2023
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Property Image
SOLD

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

5432 South Michigan Avenue

See Similar Deals
MultiFamily
Sold 08/28/2023
Staci Slattery
Karen Biazar
the dealplayerscompscontact
Contact now

Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

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
Karen Biazar
24 deals$34.4M volume
BROKER
Staci Slattery
North Clybourn Group
Staci Slattery
10 deals$12.4M volume
BROKER

Details

SOLD
IMAGE: Staci Slattery & Karen Biazar DATE: 08/28/2023 ADDRESS: 5432 South Michigan Avenue MARKET: Chicago ASSET TYPE: MultiFamily BROKERS: Karen Biazar (@KarenBiazar) & Staci Slattery (@StaciSlattery) - North Clybourn Group (@ncgchicago) SALE PRICE: $1,055,000 NOTE: A multifamily property located at 5432 South Michigan Avenue in Chicago was sold for a total of $1,055,000, with brokers Karen Biazar and Staci Slattery of North Clybourn Group facilitating the transaction.

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

$56,266.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,748.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,001.24
Annual Debt Service$60,014.86