Essex Realty Group Acquires Mixed-Use Property In Fulton River District, Chicago For $4.1M
401 North Milwaukee Avenue
$4,125,000
$325/SF
Building Size
12,675 SF
Asset Type
Mixed-use
Closing
Nov 16, 2022
About this deal
AI
Congratulations to Essex Realty Group, Inc. on the successful sale of a mixed-use property located at 401 N Milwaukee Ave in the Fulton River District of Chicago, IL. This 7-unit property was sold for a total price of $4,125,000. The property spans an area of 12,675 square feet, with a price per square foot of $325.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $4,125,000
- Date: 11/16/2022
- Address: 401 N Milwaukee Ave
- Market: Fulton River District, Chicago, IL
- Square Footage: 12,675
- Price Per Square Foot: $325
This unique transaction was facilitated by Brian Karmowski and Jordan Gottlieb from Essex Realty Group, Inc. who represented both the buyer and the seller. For any further inquiries regarding this sale, please contact Essex Realty Group, Inc.
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
3.85%
Cash-on-Cash
-1.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93