facebook
Traded Co logo
Submit

Marc Zale Of Compass Represents Buyer In $6.1M Sale Of Five Lots In Chicago

Property Image
SOLD
$6,100,000
Natasha Motev
Zachary Zisook
+ 1

Illinois

See Similar Deals
Package Deal137,500 SF
Sold 09/04/2024
the dealplayerscompscontact
Property Image
SOLD

Marc Zale Of Compass Represents Buyer In $6.1M Sale Of Five Lots In Chicago

531 West Grant Place, 533 West Grant Place, 545 West Grant Place, 549 West Grant Place & 551 West Grant Place

See Similar Deals
Package Deal137,500 SF
Sold 09/04/2024
Natasha Motev
Zachary Zisook
+ 1
Contact now

Summary

ILLINOIS
Asset Type:Package Deal
Price Per Square Foot:$44
Total Square Footage:137,500 SF
Transaction Type:Sale

Five improved single-family home lots located at 531, 533, 545, 549 & 551 West Grant Place in Chicago's East Lincoln Park have been sold for a total of $6,100,000. This transaction involved multiple lots/parcels, underscoring substantial land investment within a prominent urban area.

Summary of transation details:

The transaction was facilitated by the brokerage partnerships, with representatives from Jameson Sotheby's International Realty working alongside Compass to finalize the sale. This collaboration highlights the engagement of experienced brokers in the Chicago real estate market.

Players

Natasha Motev
5 deals$13M volume
BROKER

Marc Zale
Compass
3 deals$8.5M volume
BROKER

Zachary Zisook
Sotheby's International Realty
4 deals$12M volume(312) 399-5779
BROKER

Bari Anixter
Sotheby's International Realty
2 deals$9.5M volume(847) 331-2274
BROKER

Details

SOLD
IMAGE: Bari Anixter, Zachary Zisook, Marc Zale & Natasha Motev DATE: 09/04/2024 ADDRESS: 531, 533, 545, 549 & 551 West Grant Place MARKET: Chicago ASSET TYPE: Land/Lots BUYER'S REP: Marc Zale - Compass (@Compass) SELLER'S REP: Zachary Zisook (@IamZachz), Natasha Motev (@ChicagoFineHomes) & Bari Anixter - Jameson Sotheby's International Realty (@JamesonSIR) SALE PRICE: $6,100,000 NOTE: In Chicago's market, 5 improved SFH lots/parcels located in East Lincoln Park at 531,533,545,549 & 545 West Grant Place were sold together for $6.1 million. The transaction was brokered by Zachary Zisook, Bari Anixter and Natasha Motev of Jameson Sotheby's International Realty and Marc Zale of Compass. Realty

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)

$325,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$21,672.03
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,917.11
Annual Debt Service$347,005.34