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3538 North Janssen Avenue

Updated Dec 4, 2024

Circle One Realty Represents Seller In $2.35M Land Sale In Southport Corridor
SOLDLand

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

Marvin Grahn

Broker

$2.4M

vol

1 deal

Broker

Chicago Land Market Snapshot

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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

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