Private Individual Acquires Mixed-use Property At 2358 N. Clybourn Ave Chicago For $1.65M
2358 N. Clybourn Ave
$1,653,260
$165/SF
Building Size
10,000 SF
Asset Type
Mixed-use
Closing
Nov 13, 2024
AI
The property asset involved in the transaction is a mixed-use building located at 2358 N. Clybourn Ave in Chicago. It was sold for a price of $1,653,260.00 and encompasses a total area of 10,000.0 square feet.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,653,260.00
- Address: 2358 N. Clybourn Ave
- Market: Chicago
- Total Square Footage: 10,000.0
- Buyer: Private individual
- Broker: Steven Rapoport - CRER (Chicago Real Estate Resources)
The deal was facilitated by broker Steven Rapoport, representing the buyer, a private individual, in this transaction, marking a successful sale in the Chicago real estate market.
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
9.59%
Cash-on-Cash
-2.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93