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Drew Dillon And Scott Maesel Of SVN Chicago Commercial Sell Mixed-Use Building In Chicago For $2.7M
SOLD
$2,700,000
Illinois
See Similar DealsMixed-use9,267 SF
Sold 07/09/2025
SOLD
Drew Dillon And Scott Maesel Of SVN Chicago Commercial Sell Mixed-Use Building In Chicago For $2.7M
1859 West Chicago Avenue
See Similar DealsMixed-use9,267 SF
Sold 07/09/2025
Summary
ILLINOIS
Asset Type:Mixed-use
Price Per Square Foot:$291
Total Square Footage:9,267 SF
Transaction Type:Sale
A mixed-use building located at 1859 West Chicago Avenue in Chicago has been sold for $2,700,000. The property spans 9,267 square feet and includes six residential apartments along with a ground-floor veterinary clinic, situated in the Ukrainian Village neighborhood.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,700,000
- Square Footage: 9,267 SF
- Price Per Square Foot: $291
- Address: 1859 West Chicago Avenue
- Market: Chicago
- Brokers: Drew Dillon & Scott Maesel - SVN Chicago Commercial
Drew Dillon and Scott Maesel represented both the buyer and seller in this transaction, facilitating the sale through their brokerage, SVN Chicago Commercial.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$144,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,592.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,799.38
Annual Debt Service$153,592.53
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