Rafael Murillo Acquires Mixed-use Property In Lakeshore East, Chicago For $1.6M
363 East Wacker Drive, Chicago, IL, USA
$1,586,342
$721/SF
Building Size
2,200 SF
Asset Type
Mixed-use
Closing
Mar 4, 2021
About this deal
AI
The mixed-use property located at 363 E Wacker St, Unit 3303 in Lakeshore East, Chicago has been sold for $1,586,342. The sale took place on 03/05/2021 and the property spans across 2,200 square feet with a price per square foot of $721. The transaction was facilitated by Magellan Development, who represented the seller, and Compass, represented by Rafael Murillo, acted as the buyer's representative.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,586,342
- Square Footage: 2,200
- Price per Square Foot: $721
- Address: 363 E Wacker St, Unit 3303, Lakeshore East, Chicago
Leila Zammatta from Magellan Development served as the seller's representative in the deal, while Rafael Murillo from Compass represented the buyer. The transaction signifies the successful transfer of ownership for this mixed-use property in Lakeshore East.
On the Map
$1,586,342
$721/SF
Mixed-use
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Players
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
10.00%
Cash-on-Cash
-2.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93