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2569 N Milwaukee Ave, Chica...

Kenny Motew Acquires Mixed-Use Property In Logan Square, Chicago
SOLDMixed-use

Kenny Motew Acquires Mixed-Use Property In Logan Square, Chicago

2569 N Milwaukee Ave, Chicago, IL 60647, USA

$3,625,000

$321/SF

Building Size

11,290 SF

Asset Type

Mixed-use

Closing

Aug 28, 2022

AI

A mixed-use property located at 2569 N Milwaukee Avenue in Logan Square, Chicago, has been sold for a price of $3,625,000. The property has a total square footage of 11,290, resulting in a price-per-square-foot of $321. The sale took place on August 29, 2022.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $3,625,000
  • Address: 2569 N Milwaukee Avenue
  • Market: Logan Square, Chicago

The buyer of the property is Kenny Motew, while the seller is Jay Goldenberg. The transaction was facilitated by brokers Clay Maxfield and Chad Firsel from Quantum Real Estate Advisors, Inc.

This transaction represents a successful sale in the Logan Square area of Chicago. The mixed-use property offers a total square footage of 11,290 and was sold for a price of $3,625,000. Kenny Motew purchased the property from Jay Goldenberg, with Clay Maxfield and Chad Firsel from Quantum Real Estate Advisors, Inc. representing both parties. The sale took place on August 29, 2022, showcasing the ongoing activity in the Logan Square market.

Players

Clay Maxfield

Quantum Real Estate Advisors

Broker

$27.5M

vol

10 deals

Broker

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

4.38%

Cash-on-Cash

-1.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93