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6995 N Central Park Ave Lin...

Ascot Realty Group Acquires 2-Acre Land In Lincolnwood For $2M
SOLDLand

Ascot Realty Group Acquires 2-Acre Land In Lincolnwood For $2M

6995 N Central Park Ave Lincolnwood, IL 60712, USA

$2,000,000

Building Size

Asset Type

Land

Closing

Jul 31, 2023

AI

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.

Players

James Ascot

Ascot Realty Group

Broker

$7.5M

vol

2 deals

Broker

Lincolnwood 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

7.93%

Cash-on-Cash

-2.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93