Jameson Sotheby's Intl Realty Sells Land In Chicago For $6M With Buyer's Rep Layne Zagorin
SOLD
$6,000,000
Illinois
See Similar Deals2,728 SF
Sold 09/01/2021
SOLD
Jameson Sotheby's Intl Realty Sells Land In Chicago For $6M With Buyer's Rep Layne Zagorin
1820 North Howe Street, Chicago, IL 60614, USA
See Similar Deals2,728 SF
Sold 09/01/2021
Summary
ILLINOIS
Price Per Square Foot:$2,199
Total Square Footage:2,728 SF
Transaction Type:Sale
The property at 1820 N Howe St in Chicago has been sold for a total of $6,000,000. The transaction took place on September 1, 2021.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $6,000,000
- Address: 1820 N Howe St, Chicago
- Market: Chicago
The buyer's representative in this deal was Layne Zagorin Properties, while the seller's representative was Nancy Tassone from Jameson Sotheby's Intl Realty.
This successful sale of the land at 1820 N Howe St showcases the expertise and negotiation skills of both parties' representatives, Layne Zagorin and Nancy Tassone. With their guidance and knowledge of the Chicago market, the buyer was able to secure this prime piece of land, while the seller achieved a satisfactory sale price of $6,000,000.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$319,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,316.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,443.06
Annual Debt Service$341,316.73
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