Barbara Sierra Sells Mixed-Use Property In Logan Square, Chicago For $9.4M
2315 North Milwaukee Avenue, Chicago, IL 60647
$9,400,000
$1,111/SF
Building Size
8,460 SF
Asset Type
Mixed-use
Closing
Oct 4, 2021
About this deal
AI
The mixed-use property located at 2315 N. Milwaukee Ave in Logan Square, Chicago has been sold for a total price of $9,400,000. The transaction took place on 10/04/2021. The property consists of 27 units, making the price per unit approximately $348,148. The seller of the property was Barbara Sierra.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $9,400,000
- Units: 27
- Price Per Unit: $348,148
Ian Luscombe from CRER represented the seller, Barbara Sierra, in this transaction. The involvement of Ian Luscombe as the broker showcases the professional expertise and guidance provided in the deal.
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
1.69%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93