Rafael Murillo Acquires Mixed-use Property In Lakeshore East, Chicago For $1.6M
SOLD
$1,586,342
Illinois
See Similar DealsMixed-use2,200 SF
Sold 03/05/2021
SOLD
Rafael Murillo Acquires Mixed-use Property In Lakeshore East, Chicago For $1.6M
363 East Wacker Drive, Chicago, IL, USA
See Similar DealsMixed-use2,200 SF
Sold 03/05/2021
Summary
ILLINOIS
Asset Type:Mixed-use
Price Per Square Foot:$721
Total Square Footage:2,200 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$84,604.90
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,635.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,520.07
Annual Debt Service$90,240.84
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