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363 East Wacker Drive, Chic...

Rafael Murillo Acquires Mixed-use Property In Lakeshore East, Chicago For $1.6M
SOLDMixed-use

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

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.

Players

Rafael Murillo

Compass

Broker

$26M

vol

9 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

10.00%

Cash-on-Cash

-2.86%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93