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Ascot Realty Group Acquires 2-Acre Land In Lincolnwood For $2M
SOLD
$2,000,000
Illinois
See Similar DealsLand
Sold 07/31/2023
SOLD
Ascot Realty Group Acquires 2-Acre Land In Lincolnwood For $2M
6995 N Central Park Ave Lincolnwood, IL 60712, USA
See Similar DealsLand
Sold 07/31/2023
Summary
ILLINOIS
Asset Type:Land
Transaction Type:Sale
A 2-acre land property located at 6995 North Central Park Avenue in Lincolnwood, IL has been sold for a total price of $2,000,000. The transaction took place on 07/31/2023 and involved the participation of James Ascot from Ascot Realty Group as the buyer's representative and Michael O'Donnell from Web Video Realty as the seller's representative.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $2,000,000
- Address: 6995 North Central Park Avenue, Lincolnwood, IL
- Market: Lincolnwood
- Asset Type: Land
- Acres: 2
The sale of the 2-acre land property at 6995 North Central Park Avenue in Lincolnwood, IL required a Special Use Permit for improvements or uses. The property was listed by Michael O'Donnell and purchased with the assistance of James Ascot.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$106,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,105.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,481.02
Annual Debt Service$113,772.24
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