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1413 West Taylor Street

Updated Dec 4, 2024

Tameka Lewis-Madkins Of Keller Williams Preferred Realty Represents Buyer In $1.45M Mixed-Use Sale In Chicago
SOLDMixed-use

Tameka Lewis-Madkins Of Keller Williams Preferred Realty Represents Buyer In $1.45M Mixed-Use Sale In Chicago

1413 West Taylor Street

$1,450,000

$257/SF

Building Size

5,626 SF

Asset Type

Mixed-use

Closing

Oct 10, 2024

About this deal

AI

The mixed-use property at 1413 West Taylor Street in Chicago has been sold for $1,450,000, comprising 5,626 square feet at a price per square foot of $258. The building is fully rented with five apartments and one retail space, featuring an eight-year-old total rehab and situated in the University Village neighborhood, close to major medical facilities and public transportation, with three parking spots available behind the building.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $1,450,000
  • Units: 6
  • Price Per Unit: $241,667
  • Square Footage: 5,626
  • Price Per Square Foot: $258
  • Buyer's Representative: Tameka Lewis-Madkins - Keller Williams Preferred Realty
  • Seller's Representative: Theodore Mazola - New West Realty Partners LLC

Tameka Lewis-Madkins represented the buyer in this transaction while Theodore Mazola represented the seller, highlighting the collaboration between Keller Williams Preferred Realty and New West Realty Partners LLC in facilitating the sale of this property.

Players

Theodore Mazola

Broker

$2.5M

vol

2 deals

Broker

Chicago Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Deal FAQ

About $257 per square foot on a published $1.5M for 5,626 square feet (2024).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

10.94%

Cash-on-Cash

-3.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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