Marcus & Millichap Brokers Sell 8-acre Land In Chicago For $4.09M
SOLD
$4,090,000
Illinois
See Similar Deals157,000 SF
Sold
SOLD
Marcus & Millichap Brokers Sell 8-acre Land In Chicago For $4.09M
1104 West 43rd Street, Chicago, IL 60609
See Similar Deals157,000 SF
Sold
Summary
ILLINOIS
Price Per Square Foot:$26
Total Square Footage:157000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$218,133.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,530.92
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,388.69
Annual Debt Service$232,664.24
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