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
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