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2018 West Division Street

Jiefeng Man Purchases Mixed-Use Property At 2018 West Division Street For $1.6 Million
SOLDMixed-use

Jiefeng Man Purchases Mixed-Use Property At 2018 West Division Street For $1.6 Million

2018 West Division Street

$1,600,000

$274/SF

Building Size

5,820 SF

Asset Type

Mixed-use

Closing

Jun 3, 2024

AI

This mixed-use property located at 2018 West Division Street in Chicago has a sale price of $1,600,000. The asset encompasses a total area of 5,820 square feet, which translates to a price per square foot of $275.

Summary of transaction details:

The transaction involved noteworthy parties, including buyer Jiefeng Man and seller Peter Weitz, facilitated by brokers Brewster Hague and Tommy Galvin from Greenstone Partners, who represented the parties in this deal.

Players

Brewster Hague

Greenstone Partners

Broker

$71.6M

vol

24 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

9.91%

Cash-on-Cash

-2.83%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93