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

/

2657-59 North Clybourn Aven...

Apostal Holdings LLC Acquires Mixed-Use Property In Lincoln Park, Chicago For $1.55M
SOLDMixed-use

Apostal Holdings LLC Acquires Mixed-Use Property In Lincoln Park, Chicago For $1.55M

2657-59 North Clybourn Avenue, Chicago, IL, USA

$1,555,000

$146/SF

Building Size

10,600 SF

Asset Type

Mixed-use

Closing

Jul 7, 2021

AI

An impressive mixed-use property transaction took place in Lincoln Park, Chicago. The property, located at 2657-59 N Clybourn Avenue, offers a prime location in the market.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $1,555,000
  • Square Footage: 10,600
  • Price per Square Foot: $147
  • Market: Lincoln Park, Chicago

The buyer, Apostal Holdings LLC, acquired the property from John Gil Kong and Lucia Soon Kong. Valerie Cook, representing Keller Williams Commercial, acted as the buyer's representative in the deal. On the other side, James Hodur and Ben Miotti, from Coldwell Banker Commercial, represented the sellers.

The property was listed at an asking price of $1,999,000, demonstrating the negotiation skills of the buyer to secure the purchase at a discounted price of $1,555,000.

Players

Benjamin Miotti

Coldwell Banker

Broker

$33.9M

vol

27 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

10.20%

Cash-on-Cash

-2.92%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93