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2240 North Milwaukee Avenue

Joseph Kiferbaum Acquires Development Site At 2240 North Milwaukee Avenue From Todd Braun For $1.5M
SOLDDevelopment Site

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:

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

Benjamin Miotti

Coldwell Banker

Broker

$33.9M

vol

27 deals

Broker

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