Church Of God Of Chicago Sells Land At 1837 North Spaulding Avenue For $4,000,000
1837 North Spaulding Avenue
$4,000,000
Building Size
—
Asset Type
Land
Closing
Aug 5, 2026
About this deal
AI
The asset involved in this transaction is a land parcel located at 1837 North Spaulding Avenue in the Chicago market. The sale price for this land was $4,000,000.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $4,000,000
- Seller: Church of God of Chicago
- Buyer's Representative: Matt Feo - Essex Realty Group
- Seller's Representatives: James Darrow, Jordan Gottlieb & Brian Keegan - Essex Realty Group
This transaction highlights the involvement of multiple representatives, with both the buyer and the seller being represented by Essex Realty Group, indicating a coordinated effort in closing this deal within the Chicago real estate market.
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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93