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
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