Webster Racine, LLC Acquires Mixed-use & Multifamily Property In Chicago For $3.1M
1157 West Webster Avenue, Chicago, IL, USA
$3,075,000
$256/SF
Building Size
12,000 SF
Asset Type
Mixed-use
Closing
Dec 22, 2020
About this deal
AI
The mixed-use and multifamily property located at 1157-1159 W. Webster Avenue and 2149-2151 N. Racine Avenue in Chicago has been sold. The sale took place on December 23, 2020, for a total price of $3,075,000. Webster Racine, LLC was the buyer in this transaction. The property is situated in a prime location in the Chicago market.
Summary of Transaction Details
- Property Type: Mixed-use & Multifamily
- Transaction Amount: $3,075,000
- Date: 12/23/2020
- Address: 1157-1159 W. Webster Avenue & 2149-2151 N. Racine Avenue, Chicago
- Market: Chicago
Kyle A. Stengle from Marcus & Millichap represented the buyer, Webster Racine, LLC, in this sale.
Players
Chicago Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.16%
Cash-on-Cash
-1.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93