Stephen Hnatow & Jack Doyle Facilitate $2.1M Mixed-Use Sale In Chicago
3316 North Halsted Street
$2,100,000
Building Size
—
Asset Type
Mixed-use
Closing
Jul 2, 2024
AI
3316 North Halsted Street in Chicago, a commercial-grade mixed-use building constructed in 1999, was sold for $2.1 million. The property, located in Lakeview, features a 2,400 sqft commercial space and three 3-bed 2-bath condo-quality residential units, each 2,100 sqft, with amenities like in-unit laundry, stainless steel appliances, and multiple outdoor spaces, appealing to both owner-operators and investors alike.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,100,000
- Address: 3316 North Halsted Street, Chicago
- Market: Chicago
The deal involved Stephen Hnatow from Keller WilliamsONEChicago representing the buyer and Jack Doyle from Dream Town Real Estate representing the seller.
Players
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
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93