Frank Campise Of Jab Real Estate Purchases Development Site From Judy Topel For $6 Million
3133 North Halsted Street
$6,000,000
$1,000/SF
Building Size
6,000 SF
Asset Type
Development Site
Closing
Oct 2, 2025
AI
The property involved in the transaction is a development site located at 3133 North Halsted Street in the Chicago market. The asset covers an area of 17,250 square feet and was sold for a total price of $6,000,000, resulting in a price per square foot of $348.
Summary of transation details:
- Property Type: Development Site
- Transaction Amount: $6,000,000
- Address: 3133 North Halsted Street
- Market: Chicago
- Square Footage: 17,250
- Price per Square Foot: $348
- Buyer: Frank Campise - Jab Real Estate
- Seller: Judy Topel - Topel Family
- Brokers: James Sheehan & Andrew Thurston - Sheehan Real Estate
Key individuals in this transaction include Frank Campise representing the buyer Jab Real Estate, and Judy Topel representing the seller Topel Family. The transaction was facilitated by brokers James Sheehan and Andrew Thurston from Sheehan Real Estate, who played a significant role in connecting the parties involved in the deal.
Players
Chicago Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93