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
About this deal
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:
- Property Type: Mixed-use
- Transaction Amount: $1,600,000
- Square Footage: 5,820
- Price Per Square Foot: $275
- Buyer: Jiefeng Man
- Seller: Peter Weitz
- Broker Representatives: Brewster Hague & Tommy Galvin - Greenstone Partners
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.
On the Map
$1,600,000
$274/SF
Mixed-use
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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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93