Vito Brancato Acquires Mixed-Use Property In Wicker Park, Chicago For $1.575M
SOLD
$1,575,000
Illinois
See Similar DealsMixed-use6,490 SF
Sold 10/27/2022
SOLD
Vito Brancato Acquires Mixed-Use Property In Wicker Park, Chicago For $1.575M
1750 West North Avenue, Chicago, Illinois 60622, United States
See Similar DealsMixed-use6,490 SF
Sold 10/27/2022
Summary
ILLINOIS
Asset Type:Mixed-use
Price Per Square Foot:$242
Total Square Footage:6,490 SF
Transaction Type:Sale
The mixed-use property located at 1750 W North Ave in Wicker Park, Chicago, IL has been sold for $1,575,000. The transaction took place on 10/27/2022. The property has a total area of 6,490 square feet, resulting in a price per square foot of $243.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $1,575,000
- Address: 1750 W North Ave, Wicker Park, Chicago, IL
- Market: Wicker Park, Chicago, IL
Vito Brancato is the buyer of the property, represented by Michael Scanlon and Jake Fugman from eXp Realty. Marcus Sullivan from SVN acted as the seller's representative in the transaction.
NOTE: No additional information is available about the individuals or companies involved in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$84,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,595.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,466.30
Annual Debt Service$89,595.64
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