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Frank Campise Of Jab Real Estate Purchases Development Site From Judy Topel For $6 Million

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SOLD
$6,000,000

Illinois

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Development Site6,000 SF
Sold 10/03/2025
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SOLD

Frank Campise Of Jab Real Estate Purchases Development Site From Judy Topel For $6 Million

3133 North Halsted Street

See Similar Deals
Development Site6,000 SF
Sold 10/03/2025
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Summary

ILLINOIS
Asset Type:Development Site
Price Per Square Foot:$1,000
Total Square Footage:6,000 SF
Transaction Type:Sale

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

James Sheehan
4 deals$9.7M volume
BROKER

Andrew Thurston
Sheehan Real Estate
2 deals$7.3M volume(773) 354-9613
BROKER

Sheehan Real Estate
BROKERAGE

Details

SOLD
IMAGE: Andrew Thurston & James Sheehan DATE: 10/02/2025 ADDRESS: 3133 North Halsted Street MARKET: Chicago ASSET TYPE: Development Site BUYER: Frank Campise - Jab Real Estate SELLER: Judy Topel - Topel Family BROKERS: James Sheehan & Andrew Thurston (@Andrew.Thurston.realestate) - Sheehan Real Estate (@Sheehan.RealEstate) SALE PRICE: $6,000,000 SF: 17,250 ~ PPSF: $348

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$21,316.74
Cash-on-Cash Return-1.27%
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