Circle One Realty Represents Seller In $2.35M Land Sale In Southport Corridor
3538 North Janssen Avenue
$2,350,000
Building Size
—
Asset Type
Land
Closing
Jul 1, 2024
About this deal
AI
Located at 3538 North Janssen Avenue in Chicago, the property was recently sold for $2,350,000. This rare opportunity in the Southport corridor features a spacious double lot and is zoned R3.5. The cleared lot spans 6,200 square feet, presenting the potential for constructing a dream home of over 9,000 square feet.
Summary of transation details:
- Property Type: Land
- Transaction Amount: $2,350,000
- Lot Size: 6,200 SF
- Price Per Land Square Foot: $379
- Address: 3538 North Janssen Avenue, Chicago
- Market: Chicago
- Buyer's Representative: Ryan Cherney - Circle One Realty
- Seller's Representative: Marvin Grahn
Ryan Cherney from Circle One Realty represented the buyer in this transaction, securing the acquisition of the spacious double lot in the sought-after Southport corridor. On the other side, Marvin Grahn acted as the seller's representative, ensuring a smooth deal process for the sale of the property.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.75%
Cash-on-Cash
-1.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93