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2348 2358 N. Seeley Ave

Wilmot Properties Acquires Land At 2348 2358 N. Seeley Ave Chicago For $1.94M
SOLDLand

Wilmot Properties Acquires Land At 2348 2358 N. Seeley Ave Chicago For $1.94M

2348 2358 N. Seeley Ave

$1,937,500

$122/SF

Building Size

15,800 SF

Asset Type

Land

Closing

Dec 6, 2024

AI

The property asset involved in the transaction is land located at 2348 2358 N. Seeley Ave in the Chicago market. The sale price for the property was $1,937,500.00, and it encompasses a total area of 15,800 square feet.

Summary of transaction details:

  • Property Type: Land
  • Transaction Amount: $1,937,500.00
  • Address: 2348 2358 N. Seeley Ave
  • Market: Chicago
  • Square Footage: 15,800.0
  • Buyer: Wilmot Properties
  • Broker: Steven Rapoport - CRER (Chicago Real Estate Resources)

Key individuals involved in the deal include the buyer, Wilmot Properties, represented by Steven Rapoport from CRER (Chicago Real Estate Resources). This firm facilitated the transaction, ensuring the terms were agreed upon between the parties involved.

Players

Steven Rapoport

CRER (Chicago Real Estate Resources)

Broker

$74.1M

vol

23 deals

Broker
WP
Wilmot PropertiesBuyer

Chicago Land Market Snapshot

Boundary boundary · Land · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

8.19%

Cash-on-Cash

-2.34%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93