Inland Real Estate Group Acquires Medical Office In Chicago For $16M
3950 North Milwaukee Avenue, Chicago, Illinois 60641, United States
$16,000,000
Building Size
—
Asset Type
—
Closing
Sep 11, 2022
About this deal
AI
The medical office located at 3950 North Milwaukee Avenue in Chicago has been sold in a recent transaction. The property, which was part of the market in Chicago, was purchased by Inland Real Estate Group from the seller, GW Properties - Mitch Goltz. The sale price for this transaction amounted to $16,000,000.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $16,000,000
- Address: 3950 North Milwaukee Avenue, Chicago
Mitch Goltz represented GW Properties as their broker in this deal. No further details about the transaction are available.
On the Map
$16,000,000
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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
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93