Daily limit: 0/10
Development Site On Cicero Avenue Sold For $2.7M With Broker Moshe Weinberger
SOLD
$2,700,000
Illinois
See Similar DealsLand
Sold 08/01/2024
SOLD
Development Site On Cicero Avenue Sold For $2.7M With Broker Moshe Weinberger
3601 North Cicero Avenue
See Similar DealsLand
Sold 08/01/2024
Summary
ILLINOIS
Asset Type:Land
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$144,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,592.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,799.38
Annual Debt Service$153,592.53
Is there something missing? Send suggestions