Marcus & Millichap Brokers Sell Mixed-Use Property In Chicago For $10.175M
1950 West Division Street, Chicago, IL 60622
$10,175,000
$568/SF
Building Size
17,896 SF
Asset Type
Mixed-use
Closing
Oct 13, 2021
About this deal
AI
The mixed-use property located at 1950 W. Division St. in Chicago has recently been sold for a transaction price of $10,175,000. The property spans approximately 17,896 square feet, resulting in a price per square foot of $569. The sale was facilitated by Austin Weisenbeck & Sean R. Sharko of Marcus & Millichap.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $10,175,000
- Address: 1950 W. Division St.
- Market: Chicago
- Square Footage: 17,896
- Price per Square Foot: $569
- Brokers: Austin Weisenbeck & Sean R. Sharko - Marcus & Millichap
The sale of this mixed-use property demonstrates a notable transaction in the Chicago market. Austin Weisenbeck and Sean R. Sharko, representing Marcus & Millichap, played a crucial role in facilitating the deal, ensuring a successful outcome for all parties involved.
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
1.56%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93