Updated Jan 2, 2026
Hire360 Purchases Development Site From Odeh Tadros In Chicago For $1.455M
2628 South State Street
$1,455,000
$68/SF
Building Size
21,300 SF
Asset Type
Development Site
Closing
Dec 23, 2025
About this deal
AI
The asset involved in the transaction is a development site located at 2628 South State Street, Chicago. It has a sale price of $1,455,000 and spans approximately 21,300 square feet, equating to a price per square foot of $68.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,455,000
- Square Footage: 21,300
- Price Per Square Foot: $68
- Buyer: Hire360
- Seller: Odeh Tadros
- Broker: Michael Applegate - Straight-A Realty
- Market: Chicago
This transaction features Michael Applegate representing the broker's side as part of Straight-A Realty. The deal was finalized on December 24, 2025, contributing to the continuous development efforts in the Chicago market.
Players
Chicago Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Deal FAQ
Visit Michael Applegate to view all their deals.
Browse Chicago development site sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.90%
Cash-on-Cash
-3.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93