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
About this deal
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.
The commercial sale at 1104 West 43rd Street, Chicago, IL 60609 in Chicago, Illinois sold for $4.1M in 2021. The building is 157,000 square feet, implying about 26 per square foot on the published price. Rick Gordon, Richard Kozarits, Kyle Stengle, Marcus & Millichap appear on the sale alongside Marcus & Millichap. This page is the Chicago, Illinois file for the 1104 West 43rd Street, Chicago, IL 60609 commercial sold: pricing, party profiles, and other closed commercial comps from the same Chicago sit in the Market section below. Filter that Chicago commercial set by closing date to see what else sold near 1104 West 43rd Street, Chicago, IL 60609 around 2021. Published consideration for 1104 West 43rd Street, Chicago, IL 60609 is $4.1M, dated 2021. Cite this Marcus & Millichap Brokers Sell 8-acre Land In Chicago For $4.09M sale when underwriting similar commercial product around Chicago, Illinois.
Players
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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