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JDL Development Acquires Industrial Asset From Stephen Siegel For $1.55M In Chicago

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SOLD
$1,550,000

Illinois

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Industrial15,600 SF
Sold 02/09/2026
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Property Image
SOLD

JDL Development Acquires Industrial Asset From Stephen Siegel For $1.55M In Chicago

1229 West Cortland Street

See Similar Deals
Industrial15,600 SF
Sold 02/09/2026
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Summary

ILLINOIS
Asset Type:Industrial
Price Per Square Foot:$99
Total Square Footage:15,600 SF
Transaction Type:Sale

The property involved in this transaction is an industrial asset located at 1229 West Cortland Street in the Chicago market. The sale price for the property was $1,550,000, encompassing a total area of 15,600 square feet, which translates to a price per square foot of $99.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $1,550,000
  • Address: 1229 West Cortland Street
  • Market: Chicago
  • Square Footage: 15,600
  • Price per Square Foot: $99
  • Buyer: JDL development
  • Seller: Stephen Siegel
  • Broker Representing Buyer: Adam Schneiderman - Strauss Realty
  • Broker Representing Seller: David Kaplan - Strauss Realty

The transaction featured key individuals, including the buyer JDL development and the seller Stephen Siegel. The deal was facilitated by brokers Adam Schneiderman and David Kaplan, both representing the respective parties through Strauss Realty.

Players

6 deals$7.6M volume
BROKER

Details

SOLD
IMAGE: Adam Schneiderman & David Kaplan DATE: 02/09/2026 ADDRESS: 1229 West Cortland Street MARKET: Chicago ASSET TYPE: Industrial BUYER: JDL development SELLER: Stephen Siegel BROKERS: Adam Schneiderman & David Kaplan - Strauss Realty (@Strauss_Realty) SALE PRICE: $1,550,000 SF: 15,600 ~ PPSF: $99

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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$82,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,506.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,347.79
Annual Debt Service$88,173.49