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1219 Chestnut Street

Updated Dec 4, 2024

Ryan McNaughton Of McNaughton Realty Acquires Land In Western Springs For $1,150,000
SOLDLand

Ryan McNaughton Of McNaughton Realty Acquires Land In Western Springs For $1,150,000

1219 Chestnut Street

$1,150,000

Building Size

Asset Type

Land

Closing

Jul 10, 2024

About this deal

AI

1219 Chestnut Street in Western Springs was recently sold for $1,150,000, presenting a great opportunity for potential homeowners to construct a custom dwelling on a generous 100 x 150 lot in the desirable Old Town region. The property comes with architectural blueprints that can be provided upon request, making it an attractive choice for individuals eager to bring their dream home to life.

Summary of transaction details:

Ryan McNaughton from McNaughton Realty, Inc acted as the buyer's representative in this transaction, while Deidre Rudich from Compass served as the seller's representative, facilitating the sale of this prime property in Western Springs. The deal, which closed on 07/10/2024, offered a promising opportunity for individuals looking to create a tailored living space in a highly sought-after neighborhood.

Players

Deidre Rudich

Compass

Broker

$1.2M

vol

1 deal

Broker

Western Springs Land Market Snapshot

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

13.79%

Cash-on-Cash

-3.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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