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
Chicago Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
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