Root Realty Acquires Mixed-use Property On North Lincoln Avenue In Chicago For $3M
4237 North Lincoln Avenue
$3,000,000
$157/SF
Building Size
19,100 SF
Asset Type
Mixed-use
Closing
Dec 23, 2022
About this deal
AI
The mixed-use property located at 4237 North Lincoln Avenue in Chicago has been sold in a recent transaction. The property spans a total of 19,100 square feet and was sold for a price of $3,000,000, resulting in a price per square foot of $157.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,000,000
- Square Footage: 19,100
- Address: 4237 North Lincoln Avenue, Chicago
- Market: Chicago
The buyer of this mixed-use property is Root Realty, represented by Michael Root and Joseph Root. Hayes Properties also played a role in the transaction.
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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93