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Stephen Hnatow & Jack Doyle Facilitate $2.1M Mixed-Use Sale In Chicago
SOLD
$2,100,000
Illinois
See Similar DealsMixed-use
Sold 07/02/2024
SOLD
Stephen Hnatow & Jack Doyle Facilitate $2.1M Mixed-Use Sale In Chicago
3316 North Halsted Street
See Similar DealsMixed-use
Sold 07/02/2024
Summary
ILLINOIS
Asset Type:Mixed-use
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$112,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,460.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,955.07
Annual Debt Service$119,460.86
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