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5434 South Michigan Avenue

Chicago Multifamily Property Sold For $1.055M With Buyer's Rep Cory Tanzer & Seller's Rep Karen Biazar
SOLDMultiFamily

Chicago Multifamily Property Sold For $1.055M With Buyer's Rep Cory Tanzer & Seller's Rep Karen Biazar

5434 South Michigan Avenue

$1,055,000

Building Size

Asset Type

MultiFamily

Closing

Oct 17, 2023

AI

A Chicago multifamily property at 5434 South Michigan Avenue was sold for $1,055,000. The property is located in the market of Chicago and falls under the category of Multifamily assets.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $1,055,000
  • Address: 5434 South Michigan Avenue
  • Market: Chicago

The buyer in this transaction was represented by Cory Tanzer and Serena Phillips from Option Realty Group. On the other hand, Karen Biazar and Staci Slattery from The Biazar Group - North Clybourn Group acted as the seller's representatives.

Note: A Chicago multifamily property at 5434 South Michigan Avenue was sold for $1,055,000. The buyer was represented by Cory Tanzer and Serena Phillips of Option Realty Group, while the seller was represented by Karen Biazar and Staci Slattery of North Clybourn Group.

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