Daniel Spitz Facilitates $1.23M Sale Of Chicago Development Site
SOLD
$1,230,000
Illinois
See Similar DealsDevelopment Site
Sold
SOLD
Daniel Spitz Facilitates $1.23M Sale Of Chicago Development Site
2658 North Bosworth Avenue
See Similar DealsDevelopment Site
Sold
Summary
ILLINOIS
Asset Type:Development Site
Transaction Type:Sale
The development site located at 2658 North Bosworth Avenue in Chicago was recently sold for $1,230,000. The transaction was facilitated by Daniel Spitz from Captivate Real Estate Group. The property is situated in a prime location in Chicago and presents a valuable investment opportunity in the real estate market.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,230,000
- Address: 2658 North Bosworth Avenue
- Market: Chicago
- Broker: Daniel Spitz - Captivate Real Estate Group
The successful sale of this development site highlights the expertise and professionalism of Daniel Spitz from Captivate Real Estate Group. The deal underscores the value of strategic partnerships and negotiations in the real estate industry.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$65,599.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,369.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,830.83
Annual Debt Service$69,969.93
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