SOLD
Marcus & Millichap Brokers Sell 8-acre Land In Chicago For $4.09M
1104 West 43rd Street, Chicago, IL 60609
$4,090,000
$26/SF
Building Size
157,000 SF
Asset Type
—
Closing
Oct 18, 2021
AI
A land property located at 1104 W. 43rd St. in Chicago has been sold for a price of $4,090,000. The transaction took place on October 18, 2021. The land consists of approximately 8 acres.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $4,090,000
- Address: 1104 W. 43rd St., Chicago
- Market: Chicago
- Land size: Approximately 8 acres
The sale was facilitated by Rick Gordon, Kyle A. Stengle, and Richard Kozarits from Marcus & Millichap.
Players
Chicago CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.88%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93