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3601 North Cicero Avenue

Development Site On Cicero Avenue Sold For $2.7M With Broker Moshe Weinberger
SOLDLand

Development Site On Cicero Avenue Sold For $2.7M With Broker Moshe Weinberger

3601 North Cicero Avenue

$2,700,000

Building Size

Asset Type

Land

Closing

Aug 1, 2024

AI

A development site located at 3601 North Cicero Avenue in Chicago has been sold for $2,700,000. The asset spans 0.69 acres and encompasses a total area of 31,535 square feet, positioned at a high-traffic intersection, which is advantageous for potential redevelopment. The site is suited for various commercial uses such as retail or medical facilities.

Summary of transaction details:

  • Property Type: Land
  • Transaction Amount: $2,700,000
  • Address: 3601 North Cicero Avenue
  • Market: Chicago
  • Acres: 0.69
  • Square Footage: 31,535

The transaction was facilitated by Moshe Weinberger representing Strauss Realty, emphasizing the professional involvement behind this development opportunity in a vibrant area of Chicago.

Players

Moshe Weinberger

Strauss Realty

Broker

$6.8M

vol

3 deals

Broker

Chicago Land Market Snapshot

Boundary boundary · Land · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.88%

Cash-on-Cash

-1.68%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93