Greg Mutz Of AMLI Residential Acquires Land In River North, Chicago For $13.5M
SOLD
$13,500,000
Illinois
See Similar DealsSold 09/09/2022
SOLD
Greg Mutz Of AMLI Residential Acquires Land In River North, Chicago For $13.5M
808 North Wells Street, Chicago, Illinois 60610, United States
See Similar DealsSold 09/09/2022
Summary
ILLINOIS
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$720,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$47,962.65
Cash-on-Cash Return-1.27%
Monthly Debt Service$63,996.89
Annual Debt Service$767,962.65
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