Edward Grochowiak Properties Acquires Development Site On Chicago's Astor St For $1.55M
1401 N Astor St, Chicago, IL, USA
$1,550,000
$546/SF
Building Size
2,835 SF
Asset Type
Development Site
Closing
Apr 14, 2021
AI
A development site located at 1401 N Astor St in Chicago has been sold for $1,550,000. The transaction took place on April 15, 2021. The property is situated in a prime location in the Chicago market.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $1,550,000
- Address: 1401 N Astor St, Chicago
- Market: Chicago
The buyer's representative in this deal was Edward Grochowiak Properties. The seller's representatives were Sharon Gillman and Marissa Schaefer from Compass. They played a crucial role in facilitating the transaction.
Players
Chicago Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.23%
Cash-on-Cash
-2.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93