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808 North Wells Street, Chi...

Greg Mutz Of AMLI Residential Acquires Land In River North, Chicago For $13.5M
SOLD

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

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.

Players

Greg Mutz

AMLI Residential

Buyer

$283.2M

vol

7 deals

Buyer

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