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
- Property Type: MultiFamily
- Transaction Amount: $1,055,000
- Address: 5432 South Michigan Avenue, Chicago
- Market: Chicago
- Brokers: Karen Biazar and Staci Slattery of North Clybourn Group
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
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