Miller Chicago LLC Acquires Mixed Use Property In Glendale Heights For $2.6M
271 East North Avenue, Glendale Heights, IL, USA
$2,600,000
$112/SF
Building Size
23,181 SF
Asset Type
Mixed-use
Closing
Jan 28, 2021
About this deal
AI
The mixed-use property located at 271 E. North Avenue in Glendale Heights was recently sold for $2,600,000. The transaction took place on January 29, 2021. Spanning across 5.03 acres, the property offers a price per acre of approximately $516,899. Andrea Miller and Melinda Miscevich of Miller Chicago LLC represented the parties involved in the deal.
Summary of transaction details
- Property Type: Mixed Use
- Transaction Amount: $2,600,000
- Address: 271 E. North Avenue
- Market: Glendale Heights
- Brokers: Andrea Miller & Melinda Miscevich - Miller Chicago LLC
- Acres: 5.03
- Price Per Acre: $516,899
Andrea Miller and Melinda Miscevich played a key role as brokers in facilitating the sale of this mixed-use property. Their expertise and representation assisted the parties involved in achieving a successful transaction.
Players
Carol Stream 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
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93