facebook
Traded Co logo
Submit

Longford Design & Construction Sells Multifamily Asset At 4447-4459 North Hazel Street For $10.8M

Property Image
SOLD
$10,800,000

Illinois

See Similar Deals
MultiFamily38,097 SF
Sold 11/27/2024
the dealplayerscompscontact
Property Image
SOLD

Longford Design & Construction Sells Multifamily Asset At 4447-4459 North Hazel Street For $10.8M

4447 North Hazel Street

See Similar Deals
MultiFamily38,097 SF
Sold 11/27/2024
Contact now

Summary

ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$283
Total Square Footage:38,097 SF
Transaction Type:Sale

The property asset involved in the transaction is a multifamily building located at 4447-4459 North Hazel Street in the Chicago market. The sale price was $10,800,000 for a total of 32 units, resulting in a price per unit of $337,500. The total square footage of the asset is 38,097, which translates to a price per square foot of $283.

Summary of transaction details:

The transaction involved key individuals from Essex Realty Group, with Brian Karmowski representing the buyer, while Steve Livaditis and Matt Feo represented the seller. Their collaboration facilitated the successful closing of the deal, showcasing their involvement in the multifamily market dynamics.

Players

Matt Feo
49 deals$245.4M volume
BROKER

Steven (Steve) Livaditis
Essex Realty Group
40 deals$195.2M volume
BROKER

Brian Karmowski
Essex Realty Group
42 deals$279.1M volume
BROKER

Details

SOLD
IMAGE: Steve Livaditis, Brian Karmowski & Matt Feo DATE: 11/27/2024 ADDRESS: 4447-4459 North Hazel Street MARKET: Chicago ASSET TYPE: Multifamily SELLER: Longford Design & Construction BUYER'S REP: Brian Karmowski - Essex Realty Group SELLER'S REP: Steve Livaditis, Matt Feo (@Matt_Feo_Multifamily) - Essex Realty Group (@EssexRealtyGroupInc) SALE PRICE: $10,800,000 UNITS: 32 ~ PPU: $337,500 SF: 38,097 ~ PPSF: $283

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$576,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$38,370.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$51,197.51
Annual Debt Service$614,370.12