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Coldwell Banker Sells Vacant Land Property On North Lincoln Avenue In Chicago For $2.6M
SOLD
$2,600,000
Illinois
See Similar DealsLand
Sold 11/15/2023
SOLD
Coldwell Banker Sells Vacant Land Property On North Lincoln Avenue In Chicago For $2.6M
5035 North Lincoln Avenue
See Similar DealsLand
Sold 11/15/2023
Summary
ILLINOIS
Asset Type:Land
Transaction Type:Sale
A vacant land property located at 5035 North Lincoln Avenue in Chicago was recently sold. The property covers 0.65 acres and was sold for $2,600,000.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $2,600,000
- Address: 5035 North Lincoln Avenue
- Market: Chicago
- Acres: 0.65
Vu Trieu of Homesmart Connect represented the buyer in this transaction, while Choudhry Muzaffar of Coldwell Banker served as the seller's representative.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$138,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,237.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,325.33
Annual Debt Service$147,903.92
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