California Investment Group Acquires Mixed-use Property In Chicago, IL For $2.14M
2049 West Division Street
$2,140,000
$214/SF
Building Size
10,000 SF
Asset Type
Mixed-use
Closing
Oct 11, 2022
About this deal
AI
The mixed-use property located at 2049 W Division St in Chicago, IL has been sold in a recent transaction. The property spans 10,000 square feet and was sold for a total price of $2,140,000. This translates to a price per square foot of $214. The sale took place on October 12, 2022.
Summary of Transaction Details
- Property Type: Mixed-use
- Transaction Amount: $2,140,000
- Address: 2049 W Division St, Chicago, IL
- Square Footage: 10,000
- Price per Square Foot: $214
- Buyer: California Investment Group
- Seller: Heisler Group
- Buyer's Representative: Michael Shin - Coldwell Banker
- Seller's Representatives: Brewster Hague & Danny Spitz - Greenstone Partners
The buyer, California Investment Group, was represented by Michael Shin from Coldwell Banker. The seller, Heisler Group, was represented by Brewster Hague and Danny Spitz from Greenstone Partners.
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
7.41%
Cash-on-Cash
-2.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93