Joseph Kiferbaum Acquires Development Site At 2240 North Milwaukee Avenue From Todd Braun For $1.5M
2240 North Milwaukee Avenue
$1,500,000
$91/SF
Building Size
16,322 SF
Asset Type
Development Site
Closing
Dec 19, 2024
AI
The asset involved in this transaction is a development site located at 2240 North Milwaukee Avenue in Chicago. The sale price for this property was $1,500,000, encompassing a total area of 16,322 square feet, which equates to a price per square foot of $91.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,500,000
- Address: 2240 North Milwaukee Avenue
- Market: Chicago
- Square Footage: 16,322
- Price Per Square Foot: $91
- Buyer: Joseph Kiferbaum
- Seller: Todd Braun
- Broker Representatives: Benjamin Miotti & James Hodur - Coldwell Banker
This transaction was facilitated by brokers Benjamin Miotti and James Hodur from Coldwell Banker, representing the involved parties and ensuring the transaction's completion between buyer Joseph Kiferbaum and seller Todd Braun.
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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93