Philip Skowron Properties Acquires Land In Chicago For $4M With Seller's Rep Jeffrey Lowe - Compass
SOLD
$4,000,000
Illinois
See Similar DealsSold 04/06/2022
SOLD
Philip Skowron Properties Acquires Land In Chicago For $4M With Seller's Rep Jeffrey Lowe - Compass
1835 North Hudson Avenue, Chicago, Illinois 60614, United States
See Similar DealsSold 04/06/2022
Summary
ILLINOIS
Transaction Type:Sale
The property transaction involved a piece of land located at 1835 N Hudson Ave in Chicago. The transaction took place on April 6, 2022, with a sale price of $4,000,000. The property was represented by Jeffrey Lowe from Compass, while the buyer's representative was Philip Skowron from Skowron Properties | Christie's International Real Estate.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $4,000,000
- Date: 04/06/2022
- Address: 1835 N Hudson Ave
- Market: Chicago
Philip Skowron from Skowron Properties | Christie's International Real Estate represented the buyer in this transaction. Jeffrey Lowe from Compass acted as the seller's representative.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$213,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,211.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,962.04
Annual Debt Service$227,544.49
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