Joseph Kiferbaum Acquires Development Site At 2240 North Milwaukee Avenue From Todd Braun For $1.5M
SOLD
Illinois
See Similar DealsDevelopment Site16,322 SF
Sold 12/19/2024
SOLD
Joseph Kiferbaum Acquires Development Site At 2240 North Milwaukee Avenue From Todd Braun For $1.5M
2240 North Milwaukee Avenue
See Similar DealsDevelopment Site16,322 SF
Sold 12/19/2024
Summary
ILLINOIS
Asset Type:Development Site
Price Per Square Foot:$91
Total Square Footage:16,322 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$79,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,329.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,110.77
Annual Debt Service$85,329.18
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