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
Chicago Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Deal FAQ
Visit Theodore Mazola to view all their deals.
Browse Chicago mixed use sales on Traded.
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