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
$6,100,000
$44/SF
Building Size
137,500 SF
Asset Type
Package Deal
Closing
Sep 4, 2024
AI
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:
- Property Type: Land/Lots
- Transaction Amount: $6,100,000
- Buyer’s Representative: Marc Zale - Compass
- Seller’s Representatives: Zachary Zisook, Natasha Motev & Bari Anixter - Jameson Sotheby's International Realty
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
Chicago Package Deal Market Snapshot
Boundary boundary · Package Deal · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.60%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93