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
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Asset Type
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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
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