SOLDLand
Urban Edge Group Acquires Land At 1651 1659 W. Wolfram St Chicago For $2.75M
1651 1659 W. Wolfram St
$2,750,000
Lot Size
16,000 SF
Asset Type
Land
Closing
Dec 6, 2024
About this deal
AI
The property asset involved in this transaction is land located at 1651 1659 W. Wolfram St in the Chicago market. The transaction amount is $2,750,000.00.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $2,750,000.00
- Address: 1651 1659 W. Wolfram St
- Market: Chicago
- Buyer: Urban Edge Group
- Brokers: Steven Rapoport - CRER (Chicago Real Estate Resources)
This deal involved Urban Edge Group as the buyer, with Steven Rapoport from CRER representing the transaction for the involved parties.
On the Map
$2,750,000
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
5.77%
Cash-on-Cash
-1.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93