Kevin Itima Of Root Realty Sells Development Site In North Lawndale, Chicago For $250,000
SOLD
$250,000
Illinois
See Similar DealsDevelopment Site53,200 SF
Sold
SOLD
Kevin Itima Of Root Realty Sells Development Site In North Lawndale, Chicago For $250,000
1539 South Springfield Avenue, Chicago, Illinois 60623, United States
See Similar DealsDevelopment Site53,200 SF
Sold
Summary
ILLINOIS
Asset Type:Development Site
Price Per Square Foot:$4
Total Square Footage:53200 SF
Transaction Type:Sale
Located in North Lawndale, Chicago, the development site at 1539 S Springfield Ave has been sold in a recent transaction.
Summary of transaction details:
- Property Type: Development Site
- Sale Price: $250,000
- Building Square Footage: 53,200
- Price Per Square Foot: $5
- Market: North Lawndale, Chicago
- Seller's Representative: Kevin Itima - Root Realty
Kevin Itima from Root Realty represented the seller in the deal. The property, with a sale price of $250,000, offers a development opportunity with a building square footage of 53,200 and a price per square foot of $5. Located in North Lawndale, Chicago, it attracted buyers in the market seeking such opportunities.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$13,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$888.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$1,185.13
Annual Debt Service$14,221.53
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