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Interra Realty Brokers $4.18M Sale Of Mixed-Use Portfolio In Chicago's Pilsen Neighborhood
SOLD
$4,180,000
Illinois
See Similar DealsMixed-use
Sold
SOLD
Interra Realty Brokers $4.18M Sale Of Mixed-Use Portfolio In Chicago's Pilsen Neighborhood
1924 S Throop St Chicago, IL 60608, USA
See Similar DealsMixed-use
Sold
Summary
ILLINOIS
Asset Type:Mixed-use
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$222,933.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,850.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,815.33
Annual Debt Service$237,783.99
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