SOLD
Kevin Itima Of Root Realty Sells Development Site In North Lawndale, Chicago For $250K
1539 S Springfield Ave
Building Size
—
Asset Type
—
Closing
Aug 3, 2022
About this deal
AI
A development site located at 1539 S Springfield Ave in North Lawndale, Chicago has been sold for a price of $250,000. The site has a building square footage (BSF) of 53,200, resulting in a price per building square footage (PPBSF) of $5.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $250,000
- Building Square Footage (BSF): 53,200
- Price per Building Square Footage (PPBSF): $5
- Address: 1539 S Springfield Ave, North Lawndale, Chicago
- Seller's Representative: Kevin Itima - Root Realty
Kevin Itima, representing Root Realty, acted as the seller's representative in this transaction.
Players
Chicago CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93