Emily Sachs Wong Of @Properties Christie's International Real Estate Arranges $5.5 Million Land Sale In Chicago
511 West Fullerton Parkway
$5,500,500
Building Size
—
Asset Type
Land
Closing
Aug 6, 2024
AI
A 0.33-acre land parcel located at 511-519 West Fullerton Parkway in Chicago was sold for $5,500,500. The property is zoned R5, allowing for the potential development of a custom home with oversized garages, and is conveniently situated near Lincoln Elementary School and various local amenities.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $5,500,500
- Acres: 0.33
- Address: 511-519 West Fullerton Parkway
- Market: Chicago
Emily Sachs Wong from @Properties Christie's International Real Estate facilitated the transaction, leveraging her expertise in the market to arrange the sale of this property.
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
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93