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
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