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3316 North Halsted Street

Stephen Hnatow & Jack Doyle Facilitate $2.1M Mixed-Use Sale In Chicago
SOLDMixed-use

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

Jack Doyle

Dream Town Real Estate

Broker

$5.1M

vol

2 deals

Broker

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

7.55%

Cash-on-Cash

-2.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93