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
About this deal
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.
On the Map
$1,937,500
$122/SF
Land
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Players
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Boundary boundary · Land · Sale transactions
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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