facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Illinois

/

Mixed Use

/

Sale

/

2464 North Lincoln Avenue

Kiferbaum Development Group Acquires Mixed-Use Property In Lincoln Park For $4.56M
SOLDMixed-use

Kiferbaum Development Group Acquires Mixed-Use Property In Lincoln Park For $4.56M

2464 North Lincoln Avenue

$4,560,000

$233/SF

Building Size

19,500 SF

Asset Type

Mixed-use

Closing

Aug 15, 2022

AI

The $4,560,000 off-market sale of (2) adjacent properties in Chicago's Lincoln Park has been brokered by Steven Rapoport and Justin Moore with CRER (Chicago Real Estate Resources Inc.). The buildings, situated on a 12,000-sf parcel of land, offer 100' of frontage on Lincoln Ave. They feature (3) retail units and (8) apartments above, totaling 19,500 square feet. The properties were purchased by a partnership led by Kiferbaum Development Group.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $4,560,000
  • Address: 2464 N Lincoln Ave
  • Market: Lincoln Park
  • Square Footage: 19,500
  • Price Per Square Foot: $234

Steven Rapoport and Justin Moore, representing CRER, played a key role in facilitating the sale. They can be contacted for further information:

Steven Rapoport
Email: [email protected]
Phone: 847-863-2707

Justin Moore
Email: [email protected]
Phone: (773) 531-7093

Players

Steven Rapoport

CRER (Chicago Real Estate Resources)

Broker

$74.1M

vol

23 deals

Broker

Chicago Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.48%

Cash-on-Cash

-0.99%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93