SmartQub Acquires Mixed-Use Property On North Clybourn Ave In Chicago For $3.97M
1617-1621 North Clybourn Avenue
$3,975,000
$222/SF
Building Size
17,847 SF
Asset Type
Mixed-use
Closing
Aug 10, 2022
About this deal
AI
The mixed-use property located at 1617-1621 North Clybourn Ave. in Chicago, IL has been sold for a total price of $3,975,000. The property spans a total area of 17,847 square feet, resulting in a price per square foot of $222.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $3,975,000
- Address: 1617-1621 North Clybourn Ave., Chicago, IL
- Market: Chicago, IL
- Buyer's Representative: Ari Isaacs - SmartQub
Ari Isaacs from SmartQub represented the buyer in this transaction.
The mixed use sale at 1617-1621 North Clybourn Avenue in Chicago, Illinois sold for $4M in 2022. The building is 17,847 square feet, implying about 222 per square foot on the published price. Named participants on the 1617-1621 North Clybourn Avenue sale are Ari Isaacs. This page is the Chicago, Illinois file for the 1617-1621 North Clybourn Avenue mixed use sold: pricing, party profiles, and other closed mixed use comps from the same Chicago sit in the Market section below. Filter that Chicago mixed use set by closing date to see what else sold near 1617-1621 North Clybourn Avenue around 2022. Published consideration for 1617-1621 North Clybourn Avenue is $4M, dated 2022. Cite this SmartQub Acquires Mixed-Use Property On North Clybourn Ave In Chicago For $3.97M sale when underwriting similar mixed use product around Chicago, Illinois.
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
3.99%
Cash-on-Cash
-1.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93