Wicker Park Apartments Acquires Property At 1026 N Milwaukee Ave Chicago For $1.44M With Buyer’s Rep Michael Shiff
SOLD
$1,440,000
Illinois
See Similar Deals6,663 SF
SOLD
Wicker Park Apartments Acquires Property At 1026 N Milwaukee Ave Chicago For $1.44M With Buyer’s Rep Michael Shiff
1026 N Milwaukee Ave, Chicago, IL, 6...
See Similar Deals6,663 SF
Summary
ILLINOIS
Price Per Square Foot:$216
Total Square Footage:6,663 SF
Transaction Type:Sale
The property involved in this transaction is located at 1026 N Milwaukee Ave, Chicago, IL. It is a commercial asset with a sale price of $1,440,000.00 and encompasses a total square footage of 6,663. The property is situated in the Chicago market.
Summary of transation details:
- Property Type: Commercial
- Transaction Amount: $1,440,000.00
- Square Footage: 6,663
- Property Address: 1026 N Milwaukee Ave, Chicago, IL
- Market: Chicago
- Buyer: Wicker Park Apartments
- Buyer's Representative: Michael Shiff (Jameson Commercial Real Estate)
Michael Shiff from Jameson Commercial Real Estate represents Wicker Park Apartments as the buyer in this transaction. The seller details have not been provided in the context of this sale.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$76,800.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,116.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,826.33
Annual Debt Service$81,916.02
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