Greg Mutz Of AMLI Residential Acquires Land In River North, Chicago For $13.5M
808 North Wells Street, Chicago, Illinois 60610, United States
$13,500,000
Building Size
—
Asset Type
—
Closing
Sep 8, 2022
About this deal
AI
The property involved in the transaction is a piece of land located at 808 North Wells Street in the River North neighborhood of Chicago. The sale of this land took place on 09/09/2022, as evidenced by the provided image by Greg Mutz on Instagram. The transaction amount for the sale was $13,500,000.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $13,500,000
The buyer of the land was Greg Mutz, representing AMLI Residential. This transaction marks the acquisition of the land by AMLI Residential, a notable player in the real estate industry. The purchase of this property by the buyer signifies their investment in the River North market of Chicago.
On the Map
$13,500,000
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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
1.18%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93