California Investment Group Acquires Mixed-use Property In Chicago, IL For $2.14M
SOLD
Illinois
See Similar DealsMixed-use10,000 SF
Sold 10/11/2022
SOLD
California Investment Group Acquires Mixed-use Property In Chicago, IL For $2.14M
2049 West Division Street
See Similar DealsMixed-use10,000 SF
Sold 10/11/2022
Summary
ILLINOIS
Asset Type:Mixed-use
Price Per Square Foot:$214
Total Square Footage:10,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$114,133.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,602.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,144.69
Annual Debt Service$121,736.30
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