Greenstone Partners Acquires Mixed-Use Property In Chicago For $2.5M
1439 North Milwaukee Avenue, Chicago, IL 60622
$2,500,000
$357/SF
Building Size
7,000 SF
Asset Type
Mixed-use
Closing
Dec 16, 2021
About this deal
AI
A mixed-use property located at 1439 N. Milwaukee Ave. in Chicago has been sold for $2,500,000. The transaction took place on December 16, 2021. The property is situated in the Chicago market and consists of a combination of residential and commercial spaces.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,500,000
- Address: 1439 N. Milwaukee Ave.
- Market: Chicago
The buyer's representative in this deal was Danny Spitz from Greenstone Partners, while Joe Smazal from Interra Realty represented the seller. Both brokers played a crucial role in facilitating the transaction.
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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93