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Archdiocese Of Chicago Sells Chicago Special Purpose Property For $2.95M

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SOLD
$2,950,000

Illinois

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42,000 SF
Sold 02/22/2022
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Property Image
SOLD

Archdiocese Of Chicago Sells Chicago Special Purpose Property For $2.95M

6326 North Washtenaw Avenue, Chicago, Illinois 60659, United States

See Similar Deals
42,000 SF
Sold 02/22/2022
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Summary

ILLINOIS
Price Per Square Foot:$70
Total Square Footage:42,000 SF
Transaction Type:Sale

The special purpose property located at 6326 N Washtenaw Ave in Chicago has been sold in a closed transaction. The seller of the property was the Archdiocese of Chicago. The sale was facilitated by the brokers Ari Topper, Tyler Dechter, and Owen Wiesner from Baum Realty Group. The transaction took place on February 22, 2022.

Summary of transaction details:

  • Property Type: Special Purpose
  • Transaction Amount: $2,950,000
  • Address: 6326 N Washtenaw Ave, Chicago
  • Market: Chicago
  • Size: 42,000 square feet
  • Price per square foot: $70

Owen Wiesner, Ari Topper, and Tyler Dechter from Baum Realty Group served as the representatives for the seller, the Archdiocese of Chicago. They played an integral role in facilitating the successful sale of this special purpose property in Chicago.

Players

8 deals$34.6M volume
BROKER


Owen Wiesner
Baum Realty Group
4 deals$21.6M volume
BROKER

SELLER

Details

SOLD
IMAGE: Owen Wiesner, Ari Topper & Tyler Dechter DATE: 02/22/2022 ADDRESS: 6326 N Washtenaw Ave MARKET: Chicago ASSET TYPE: Special Purpose SELLER: Archdiocese Of Chicago BROKERS: Ari Topper (@AriTopperCRE), Tyler Dechter (@TylerDechterCRE) & Owen Wiesner (@OwenWiesnerCRE) - Baum Realty Group SALE PRICE: $2,950,000 SF: 42,000 ~ PPSF: $70

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Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,480.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,984.51
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