Chicago Mixed-Use Property Sold For $1.8M With Nate Gautsche As Buyer's Rep
1800 South Allport Street, Chicago, Illinois 60608, United States
$1,795,000
$332/SF
Building Size
5,400 SF
Asset Type
Mixed-use
Closing
May 24, 2022
AI
The mixed-use property located at 1800 S Allport St in Chicago has been sold for a total price of $1,795,000. The transaction took place on 05/25/2022, and the property spans a total area of 5,400 square feet. It is situated in the vibrant Chicago market.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,795,000
- Address: 1800 S Allport St, Chicago
- Square Footage: 5,400
- Price Per Square Foot: $332
The buyer was represented by Nate Gautsche from Chicago Real Estate Resources (CRER), while the seller was represented by Paul Cawthon and Angelo Labriola from SVN | Chicago Commercial. Both parties played crucial roles in facilitating the successful transaction of this property.
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
8.84%
Cash-on-Cash
-2.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93