A&M LLC Acquires Package Deal In Chicago For $1.6M
2533 West Congress Parkway, Chicago, IL 60612
$1,600,000
$256/SF
Building Size
6,250 SF
Asset Type
—
Closing
Jan 10, 2022
About this deal
AI
2533 W Congress Pkwy in Chicago was recently sold in a package deal for $1,600,000. The property has a total square footage of 6,250, resulting in a price per square foot of $256. The sale took place on January 10, 2022. A&M LLC purchased the property from 2533 Congress LLC. The deal was facilitated by Thomas Keane from Compass and Jay Joseph from Hometown Real Estate.
Summary of transaction details:
- Property Type: Package Deal
- Transaction Amount: $1,600,000
- Address: 2533 W Congress Pkwy, Chicago
- Market: Chicago
Thomas Keane from Compass and Jay Joseph from Hometown Real Estate represented the buyer and seller, respectively. They played an essential role in facilitating the successful 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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93