Ascot Realty Group Inc Acquires Land In Chicago For $5.5M
SOLD
$5,500,000
Illinois
See Similar DealsSold 08/12/2022
SOLD
Ascot Realty Group Inc Acquires Land In Chicago For $5.5M
1643 West Warren Boulevard, Chicago, Illinois 60612, United States
See Similar DealsSold 08/12/2022
Summary
ILLINOIS
Transaction Type:Sale
The recently closed property transaction in Chicago involved the sale of a land asset located at 1643-1653 W Warren Blvd. The property spans approximately 0.51 acres, providing ample space for potential development.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $5,500,000
- Address: 1643-1653 W Warren Blvd
- Market: Chicago
- Asset Type: Land
- ACRES: 0.51
James Ascot from Ascot Realty Group Inc represented the buyer in this transaction, while Steven Powers from Century 21 S.G.R., Inc served as the seller's representative.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$293,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,540.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,072.81
Annual Debt Service$312,873.67
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