Lisa Collins Purchases Office Building From Lakisha McFadden In Chicago For $880,000
4301 South Doctor Martin Luther King Jr Drive
$880,000
$73/SF
Building Size
12,000 SF
Asset Type
Office
Closing
Sep 30, 2025
About this deal
AI
The property asset involved in this transaction is an office located at 4301 South Doctor Martin Luther King Jr Drive in Chicago. The sale price for this asset was $880,000, with a total square footage of 12,000, resulting in a price per square foot of $73.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $880,000
- Buyer: Lisa Collins
- Seller: Lakisha McFadden
- Broker: Moses Hall - MoHall Commercial & Urban Development
This transaction involved key individuals, including Lisa Collins as the buyer and Lakisha McFadden as the seller, with representation by broker Moses Hall from MoHall Commercial & Urban Development, facilitating the details of the deal.
On the Map
$880,000
$73/SF
Office
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Chicago Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
18.03%
Cash-on-Cash
-5.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93