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1924 S Throop St Chicago, I...

Interra Realty Brokers $4.18M Sale Of Mixed-Use Portfolio In Chicago's Pilsen Neighborhood
SOLDMixed-use

Interra Realty Brokers $4.18M Sale Of Mixed-Use Portfolio In Chicago's Pilsen Neighborhood

1924 S Throop St Chicago, IL 60608, USA

$4,180,000

Building Size

Asset Type

Mixed-use

Closing

May 30, 2023

AI

Interra Realty, represented by broker Jeremy Morton, has facilitated the $4.18 million sale of a mixed-use portfolio in the Pilsen neighborhood of Chicago. The portfolio consists of three buildings, offering a total of 33 units. The properties are located at 1924 South Throop Street, 2301-2303 South Oakley Avenue, and 2300 West 23rd Street.

Summary of transaction details:

  • Property Type: Mixed-use
  • Sale Price: $4,180,000
  • Number of Units: 33
  • Price per Unit: $126,667
  • Market: West Side, Chicago

The three-building portfolio offers value-add potential, with one of the buildings currently 43% vacant. This has attracted significant buyer interest in the properties. The transaction was successfully brokered by Jeremy Morton of Interra Realty.

Players

Jeremy Morton

Interra Realty

Broker

$90.5M

vol

26 deals

Broker

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

3.79%

Cash-on-Cash

-1.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93