Kevin Itima Of Root Realty Sells Development Site In North Lawndale, Chicago For $250,000
1539 South Springfield Avenue, Chicago, Illinois 60623, United States
$250,000
$4/SF
Building Size
53,200 SF
Asset Type
Development Site
Closing
Aug 2, 2022
AI
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.
Players
Chicago Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
63.45%
Cash-on-Cash
-18.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93