Mixed-use Property In Pilsen, Chicago Sells For $1.45M With Jeremy Morton & Ted Stratman As Dual Agents
1854 W 18th St, Heart of Chicago, Chicago, IL, USA
$1,450,000
$319/SF
Building Size
4,533 SF
Asset Type
Mixed-use
Closing
Jul 20, 2021
About this deal
AI
Located in the vibrant neighborhood of Pilsen, Chicago, the property at 1854 W 18th St recently changed hands in a sale transaction. This mixed-use asset comprises of 5 residential units and 1 retail space. The property offers a diverse range of opportunities for both living and business endeavors. The sale took place on 07/21/2021.
Summary of transation details
- Property Type: Mixed-use (5 Residential, 1 Retail)
- Transaction Amount: $1,450,000
- Units: 6
- Price Per Unit (PPU): $241,667
- Address: 1854 W 18th St
- Market: Pilsen, Chicago
Facilitating the successful transaction were the dual agents, Jeremy Morton and Ted Stratman. These experienced professionals served as representatives for both the buyer and the seller, ensuring a smooth and transparent process. Their expertise in the market and negotiation skills contributed to the favorable outcome of the deal.
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
10.94%
Cash-on-Cash
-3.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93