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Land Property In Chicago Sold For $1.175M With Buyer's Rep Michael Zolecki And Seller's Rep Jeanne Rickard
SOLD
$1,175,000
Illinois
See Similar DealsLand
Sold 11/15/2023
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
See Similar DealsLand
Sold 11/15/2023
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.
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Deal Type
30 years
10 years
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
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