Greenstone Partners Facilitates $3.187M Sale Of Mixed-Use Building In Chicago Wicker Park
1560 North Damen Avenue
$3,187,000
$685/SF
Building Size
4,650 SF
Asset Type
Mixed-use
Closing
Sep 23, 2026
About this deal
AI
A mixed-use building located at 1560 North Damen Avenue in Chicago, IL has been sold for $3,187,000. The property spans 4,650 square feet and bears a price per square foot of $685. It is anchored by Stan’s Donuts & Coffee and includes two three-bedroom apartments.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,187,000
- Square Footage: 4,650
- Price per Square Foot: $685
- Address: 1560 North Damen Avenue
- Market: Chicago, IL
Greenstone Partners managed the sale process, with Managing Partner Danny Spitz and Partner Brewster Hague representing the seller and securing a private buyer. The apartments feature below-market rents, and the property benefits from a strong retail location, which attracted investor interest.
On the Map
$3,187,000
$685/SF
Mixed-use
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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
4.98%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93