Danny Spitz & Malek Abdulsamad Of Greenstone Partners Represent Both Buyer And Seller In $4.35M Land Sale In Chicago
1276 West Washington Boulevard
$4,350,000
$292/SF
Building Size
14,850 SF
Asset Type
Land
Closing
Sep 9, 2026
About this deal
AI
The property asset involved in this transaction is a development site located at 1276 West Washington Boulevard, Chicago, IL. The site encompasses 14,850 square feet and was sold for a price of $4,350,000, translating to a price per square foot of $293.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $4,350,000
- Square Footage: 14,850
- Price per Square Foot: $293
- Address: 1276 West Washington Boulevard
- Market: Chicago, IL
- Broker Representatives: Danny Spitz & Malek Abdulsamad - Greenstone Partners
Danny Spitz and Malek Abdulsamad represented both the seller and the buyer in this transaction. The buyer has plans to develop the site into a boutique condominium project, operating under the as-of-right development regulations.
On the Map
$4,350,000
$292/SF
Land
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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
3.65%
Cash-on-Cash
-1.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93