1.99 Acre Land Parcel Sold For $1.035M In Chicago Represented By Rene Alvarez Of Century 21 Universal
11012 South Vincennes Avenue
$1,035,000
Building Size
—
Asset Type
Land
Closing
Sep 13, 2024
About this deal
AI
A 1.99-acre land parcel located at 11012 South Vincennes Avenue in Chicago has been sold for $1,035,000. The site presents opportunities for both commercial and residential development, catering to various potential uses within the property market.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $1,035,000
- Address: 11012 South Vincennes Avenue
- Market: Chicago
- Acreage: 1.99
- Broker: Rene Alvarez - Century 21 Universal
- Financing Assistance: Owners open to partial financing assistance
Rene Alvarez of Century 21 Universal represented the transaction, facilitating the sale of this land parcel. The deal highlights the growing interest in properties that allow for diverse development options, particularly in urban markets such as Chicago.
Players
Chicago Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.33%
Cash-on-Cash
-4.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93