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

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SOLD
$1,055,000
Staci Slattery
Karen Biazar
Cory Tanzer
+ 1

Illinois

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MultiFamily
Sold 10/17/2023
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Property Image
SOLD

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

5434 South Michigan Avenue

See Similar Deals
MultiFamily
Sold 10/17/2023
Staci Slattery
Karen Biazar
Cory Tanzer
+ 1
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

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
Karen Biazar
24 deals$34.4M volume
BROKER
Staci Slattery
North Clybourn Group
Staci Slattery
10 deals$12.4M volume
BROKER
Cory Tanzer
Option Realty Group
Cory Tanzer
1 deal$1.1M volume(312) 218-4483
BROKER
Serena Phillips Dunn
Option Realty Group
Serena Phillips Dunn
1 deal$1.1M volume(312) 468-0328
BROKER

Details

SOLD
IMAGE: Cory Tanzer, Serena Phillips, Staci Slattery & Karen Biazar DATE: 10/17/2023 ADDRESS: 5434 South Michigan Avenue MARKET: Chicago ASSET TYPE: Multifamily BUYER'S REP: Cory Tanzer (@CoryTanzerGroup) & Serena Phillips (@SerenaSellsChicago) - Option Realty Group (@OptionRealtyGroup) SELLER'S REP: Karen Biazar (@KarenBiazar) & Staci Slattery (@StaciSlattery) - The Biazar Group (@TheBiazarGroup) - North Clybourn Group (@NCGChicago) SALE PRICE: $1,055,000 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.

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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