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511 West Fullerton Parkway

Emily Sachs Wong Of @Properties Christie's International Real Estate Arranges $5.5 Million Land Sale In Chicago
SOLDLand

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.

Players

Emily Sachs Wong

At Properties Commercial

Broker

$84.5M

vol

17 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

2.88%

Cash-on-Cash

-0.82%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93