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2245 West Barry Avenue, Chi...

Danny Logarakis & Rick Ofman Sell Roscoe Village Mixed-Use Property For $1.9M
SOLDMixed-use

Danny Logarakis & Rick Ofman Sell Roscoe Village Mixed-Use Property For $1.9M

2245 West Barry Avenue, Chicago, IL, USA

$1,945,000

$668/SF

Building Size

2,910 SF

Asset Type

Mixed-use

Closing

Mar 1, 2021

AI

An mixed-use property located at 2245 W. Barry Ave in Roscoe Village, Chicago was recently sold for $1,945,000. The property consists of 10 units, resulting in a price per unit of $194,500. The transaction took place on 03/02/2021, and the property has a capitalization rate of 5.78%.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $1,945,000
  • Units: 10
  • Price per Unit: $194,500
  • Capitalization Rate: 5.78%

The sale was facilitated by Danny Logarakis and Rick Ofman, representing their respective agencies.

Players

Danny Logarakis

Kiser Group

Broker

$82.1M

vol

15 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

8.16%

Cash-on-Cash

-2.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93