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Land Property In Chicago Sold For $1.175M With Buyer's Rep Michael Zolecki And Seller's Rep Jeanne Rickard

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SOLD
$1,175,000

Illinois

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Land
Sold 11/15/2023
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SOLD

Land Property In Chicago Sold For $1.175M With Buyer's Rep Michael Zolecki And Seller's Rep Jeanne Rickard

2119 South State Street

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Land
Sold 11/15/2023
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Summary

ILLINOIS
Asset Type:Land
Transaction Type:Sale

A land property at 2119 South State Street in Chicago was sold for $1,175,000. The property has a lot size of 8,820 square feet, with a price per land square foot of $133.

Summary of transaction details

  • Property Type: Land
  • Transaction Amount: $1,175,000
  • Lot Size: 8,820 square feet
  • Price per Land Square Foot: $133
  • Address: 2119 South State Street, Chicago

Michael Zolecki of One Real Estate Chicago represented the buyer in this transaction, while Jeanne Rickard of Compass represented the seller.

Players

Jeanne Rickard
1 deal$1.2M volume(847) 323-0324
BROKER

Details

SOLD
IMAGE: Jeanne Rickard DATE: 11/15/2023 ADDRESS: 2119 South State Street MARKET: Chicago ASSET TYPE: Land BUYER'S REP: Michael Zolecki - One Real Estate Chicago (@OneRealEstateChicago) SELLER'S REP: Jeanne Rickard (@JeanneRickard_designsells) - Compass (@Compass) SALE PRICE: $1,175,000 LOT SF: 8,820 ~ PPLSF: $133 NOTE: A land property at 2119 South State Street in Chicago was sold for $1,175,000. Michael Zolecki of One Real Estate Chicago represented the buyer, while Jeanne Rickard of Compass represented the seller. The property has a lot size of 8,820 square feet, with a price per land square foot of $133.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$62,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,174.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,570.10
Annual Debt Service$66,841.19