Chicago Mixed-Use Property Sold For $1.8M With Nate Gautsche As Buyer's Rep
SOLD
$1,795,000
Illinois
See Similar DealsMixed-use5,400 SF
Sold 05/25/2022
SOLD
Chicago Mixed-Use Property Sold For $1.8M With Nate Gautsche As Buyer's Rep
1800 South Allport Street, Chicago, Illinois 60608, United States
See Similar DealsMixed-use5,400 SF
Sold 05/25/2022
Summary
ILLINOIS
Asset Type:Mixed-use
Price Per Square Foot:$332
Total Square Footage:5,400 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$95,733.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,377.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,509.22
Annual Debt Service$102,110.59
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