Joe Smazal Of Interra Realty Sells Mixed-Use Property On 2020-2036 W. Montrose Avenue In Chicago For $5.585M
2020 W Montrose Ave, Chicago, IL 60618, USA
$5,585,000
$8,865/SF
Building Size
630 SF
Asset Type
Mixed-use
Closing
Oct 22, 2020
About this deal
AI
A mixed-use property located at 2020-2036 W. Montrose Avenue in Chicago has been sold for a total price of $5,585,000. The transaction was closed on August 28, 2020. The property consists of 31 units, and the price per unit was approximately $180,161.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $5,585,000
- Units: 31
- Price per Unit: $180,161
- Address: 2020-2036 W. Montrose Avenue
- Market: Chicago
- Broker: Joe Smazal – @InterraRealty
Joe Smazal from Interra Realty represented the parties involved in this transaction. The sale of the mixed-use property at 2020-2036 W. Montrose Avenue demonstrates the active real estate market in Chicago.
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
2.84%
Cash-on-Cash
-0.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93