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BMCP North Ave. Property, LLC Acquires Mixed-Use Property In Wicker Park, Chicago For $1.275M

Property Image
SOLD
$1,275,000

Illinois

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Mixed-use6,555 SF
Sold 09/01/2021
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Property Image
SOLD

BMCP North Ave. Property, LLC Acquires Mixed-Use Property In Wicker Park, Chicago For $1.275M

2559 West North Avenue, Chicago, IL 60647, USA

See Similar Deals
Mixed-use6,555 SF
Sold 09/01/2021
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Summary

ILLINOIS
Asset Type:Mixed-use
Price Per Square Foot:$194
Total Square Footage:6,555 SF
Transaction Type:Sale

The mixed-use property located at 2559 W North Ave in Wicker Park, Chicago has been sold in a transaction that took place on September 1, 2021. The sale was facilitated by brokers John Preston and John Przybyla from Horvath & Tremblay.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $1,275,000
  • Address: 2559 W North Ave, Wicker Park, Chicago
  • Market: Wicker Park, Chicago
  • Buyer: BMCP North Ave. Property, LLC
  • Seller: Lupo II LLC
  • Brokers: John Preston & John Przybyla - Horvath & Tremblay
  • Size: 6,555 square feet
  • Price per square foot: $195
  • Number of units: 6
  • Price per unit: $212,500

The buyer, BMCP North Ave. Property, LLC, acquired the property from the seller, Lupo II LLC. The transaction was completed for a sale price of $1,275,000, at a price per square foot of $195. The property spans over 6,555 square feet and consists of 6 units, with an average price of $212,500 per unit.

Players

John Przybyla
17 deals$45M volume
BROKER

John Preston
Horvath & Tremblay
5 deals$8.2M volume
BROKER

Details

SOLD
IMAGE: John Preston & John Przybyla DATE: 09/01/2021 ADDRESS: 2559 W North Ave MARKET: Wicker Park, Chicago ASSET TYPE: Mixed-use BUYER: BMCP North Ave. Property, LLC SELLER: Lupo II LLC BROKERS: John Preston & John Przybyla - Horvath & Tremblay SALE PRICE: $1,275,000 SF: 6,555 ~ PPSF: $195 UNITS: 6 ~ PPU: $212,500

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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