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
Chicago Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
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