Benny Scianna Acquires Mixed-Use Property In Melrose Park For $1.025M
1620 Division Street, Melrose Park, IL, USA
$1,025,000
$106/SF
Building Size
9,600 SF
Asset Type
Mixed-use
Closing
Jan 21, 2021
AI
A mixed-use property located at 1620 Division Street in Melrose Park has been sold for $1,025,000. The property spans 9,600 square feet and has a price per square foot of $107. It consists of 9 units, with each unit priced at $113,888. The sale represents a cap rate of 19.45%.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,025,000
- Square Footage: 9,600
- Price per Square Foot: $107
- Number of Units: 9
- Price per Unit: $113,888
- Cap Rate: 19.45%
The buyer of the property is Benny Scianna, and the seller is Jae Byun. The transaction was facilitated by Christopher Malay of [Agencies].
Melrose Park Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.48%
Cash-on-Cash
-4.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93