Elliott Quigley, Asher Motew & Quinn Keenan Secure $3.06M Loan For Mixed-use Property In Chicago
2569 North Milwaukee Avenue
$3,061,043
$3,061,043/SF
Building Size
1 SF
Asset Type
Mixed-use
Closing
Nov 13, 2025
AI
The property involved in this transaction is a mixed-use asset located at 2569 North Milwaukee Avenue in Chicago. The asset comprises 10 units, consisting of 4 commercial spaces and 6 residential units. The loan amount secured for this property was $3,061,043 as part of a fixed-rate refinance.
Summary of transation details:
- Property Type: Mixed-use
- Transaction Amount: $3,061,043
- Market: Chicago
- Units: 10 (4 Commercial & 6 Residential)
- Loan Type: Fixed rate refinance
- LTV: 78%
- Income derived from retail: 54%
- Interest Rate: 5.55%
- Amortization Period: 30 years
The brokers representing the deal were Asher Motew, Quinn Keenan, and Elliott Quigley from Essex Capital Markets. They noted a clean execution on the cash-out refinance, indicating a successful process for their clients.
Players
Chicago Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.18%
Cash-on-Cash
-1.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93