Daniel Spitz Facilitates $1.23M Sale Of Chicago Development Site
2658 North Bosworth Avenue
$1,230,000
Building Size
—
Asset Type
Development Site
Closing
Apr 1, 2024
AI
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.
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
12.90%
Cash-on-Cash
-3.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93