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2034 North Halsted Street

Amy Sider & Sharon Kahan Of Odyssey Retail Advisors Acquire Mixed-Use Property In Chicago's Lincoln Park For $1.49M
SOLDMixed-use

Amy Sider & Sharon Kahan Of Odyssey Retail Advisors Acquire Mixed-Use Property In Chicago's Lincoln Park For $1.49M

2034 North Halsted Street

$1,490,000

$483/SF

Building Size

3,080 SF

Asset Type

Mixed-use

Closing

Nov 20, 2023

AI

A 3-unit mixed-use property in Chicago's Lincoln Park neighborhood has been sold for $1.49 million. The property, located at 2034 N Halsted Avenue, spans 3,080 square feet. With a sales price of $1,490,000, the price per square foot (PPSF) comes out to be $484. The property garnered solid demand and received multiple offers, ultimately fetching the highest price per unit ($496,666) in the last two years.

Summary of transaction details

  • Property Type: Mixed-use
  • Sale Price: $1,490,000
  • Address: 2034 North Halsted Street, Chicago
  • Market: Chicago

This successful sale was brokered by Matthew Neistat of @properties Commerical. The sellers, Claudia Longo, and Matthew Neistat agreed it was the right time to sell after going back and forth on the decision for a couple of years. The transaction attracted both local and national buyers, thanks in part to the efforts of Amy Sider and Sharon Kahan from Odyssey Retail Advisors who represented the buyer. A special mention goes to Caroline Moellering for referring her clients and sellers to Matthew Neistat.

Players

Matthew Neistat

At Properties Commercial

Broker

$13.9M

vol

5 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

10.65%

Cash-on-Cash

-3.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93