Nick Yassan Acquires Church In Chicago For $1.525M With Broker Michael Anguiano
2310 West Ainslie Street
$1,525,000
$113/SF
Building Size
13,500 SF
Asset Type
Church
Closing
Apr 12, 2024
AI
The property at 2310 West Ainslie Street, located in Chicago, was sold in a transaction involving a Church asset. The seller of the property was The Archdiocese of Chicago, and the buyer was Nick Yassan. The deal was facilitated by Michael Anguiano from Essex Realty Group. The sale price for the 13,500 square foot property was $1,525,000, translating to a price per square foot of $113.
Summary of transaction details:
- Property Type: Church
- Transaction Amount: $1,525,000
- Buyer: Nick Yassan
- Seller: The Archdiocese of Chicago
- Broker: Michael Anguiano - Essex Realty Group
- Address: 2310 West Ainslie Street
- Market: Chicago
- Square Footage: 13,500
Michael Anguiano from Essex Realty Group represented the seller, The Archdiocese of Chicago, in the transaction. Nick Yassan was the buyer who acquired the Church asset at 2310 West Ainslie Street in Chicago. This successful deal highlights the collaboration between the involved parties to facilitate the transfer of ownership of this unique property.
Chicago Church Market Snapshot
Boundary boundary · Church · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.40%
Cash-on-Cash
-2.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93