Compass Brokers Facilitate $3.35M Land Sale In Chicago
2424 West Grand Avenue, Chicago, IL 60612
$3,350,000
$116/SF
Building Size
28,863 SF
Asset Type
—
Closing
Jul 8, 2020
About this deal
AI
A land located at 2424 W Grand Ave in Chicago was recently sold for $3,350,000. The transaction took place on 07/08/2021. The land covers an area of 0.66 acres.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $3,350,000
- Address: 2424 W Grand Ave, Chicago
- Market: Chicago
- Acres: 0.66
The sale was facilitated by Scott Broene from Compass. He represented either the buyer or the seller in this deal.
The commercial sale at 2424 West Grand Avenue, Chicago, IL 60612 in Chicago, Illinois sold for $3.4M in 2020. The building is 28,863 square feet, implying about 116 per square foot on the published price. Scott Broene, Compass appear on the sale alongside Compass. This page is the Chicago, Illinois file for the 2424 West Grand Avenue, Chicago, IL 60612 commercial sold: pricing, party profiles, and other closed commercial comps from the same Chicago sit in the Market section below. Filter that Chicago commercial set by closing date to see what else sold near 2424 West Grand Avenue, Chicago, IL 60612 around 2020. Published consideration for 2424 West Grand Avenue, Chicago, IL 60612 is $3.4M, dated 2020. Cite this Compass Brokers Facilitate $3.35M Land Sale In Chicago sale when underwriting similar commercial product around Chicago, Illinois.
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
4.74%
Cash-on-Cash
-1.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93