Brian Mond Of Mond Properties Acquires Mixed-Use Asset In Chicago For $800,000
4222 West Fullerton Avenue
$800,000
$109/SF
Building Size
7,306 SF
Asset Type
Mixed-use
Closing
Aug 15, 2024
AI
The transaction involves a mixed-use property located at 4222 West Fullerton Avenue in the Chicago market. The sale price was $800,000, with a total square footage of 7,306, equating to a price per square foot of $109.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $800,000
- Address: 4222 West Fullerton Avenue
- Market: Chicago
- Square Footage: 7,306
- Price per Square Foot: $109
- Buyer: Brian Mond - Mond Properties
- Seller: Antonio Perez
- Brokers: Harrison Cohen & James Thompson - TRITON Realty Group
Brian Mond, representing Mond Properties, has added this property as the fourteenth in the firm's portfolio, which focuses on workforce housing developments in Chicago. The company engages in investment, renovation, and repair initiatives.
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
19.83%
Cash-on-Cash
-5.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93