Jeff Lowe Acquires Land On 1811 N Halsted St In Chicago For $1.25M
1811 North Halsted Street, Chicago, IL 60614, USA
$1,250,000
$358/SF
Building Size
3,485 SF
Asset Type
—
Closing
Sep 14, 2021
About this deal
AI
The property asset involved in this transaction is a piece of land located at 1811 N Halsted St in Chicago. The sale was facilitated by broker Jeff Lowe from Compass. The transaction took place on September 14, 2021. The sale price for the land was $1,250,000. The lot size is 3,485 square feet, resulting in a price per square foot of $359.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $1,250,000
- Address: 1811 N Halsted St, Chicago
- Market: Chicago
- Broker: Jeff Lowe - Compass
- Lot Size: 3,485 square feet
- Price per Square Foot: $359
This transaction showcases the successful collaboration between the buyer, seller, and the broker. The property's prime location in Chicago's market adds to its value. The involvement of Jeff Lowe from Compass as the broker for this deal highlights the expertise and professionalism that played a crucial role in the successful completion of the transaction.
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
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93