Hangout Lighting Acquires Mixed-use Property In Chicago For $2.13M
SOLD
$2,130,000
Illinois
See Similar DealsMixed-use18,000 SF
Sold 01/31/2022
SOLD
Hangout Lighting Acquires Mixed-use Property In Chicago For $2.13M
450 North Leavitt Street, Chicago, IL 60612
See Similar DealsMixed-use18,000 SF
Sold 01/31/2022
Summary
ILLINOIS
Asset Type:Mixed-use
Price Per Square Foot:$118
Total Square Footage:18,000 SF
Transaction Type:Sale
A mixed-use property located at 450 N Leavitt Street in Chicago was recently sold for $2,130,000. The property spans approximately 18,000 square feet, resulting in a price per square foot of $118. The sale took place on January 31, 2022.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $2,130,000
- Address: 450 N Leavitt Street, Chicago
- Market: Chicago
- Buyer: Hangout Lighting
- Seller: Drinkwater
- Broker: Nicholas Schaefer - Cawley Chicago
Nicholas Schaefer from Cawley Chicago represented Hangout Lighting in the transaction. The buyer, Hangout Lighting, acquired the property from the seller, Drinkwater, for the aforementioned sale price. This transaction showcases the successful collaboration between the buyer, seller, and their respective representatives in completing the sale of this mixed-use property in Chicago.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$113,599.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,567.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,097.29
Annual Debt Service$121,167.44
Is there something missing? Send suggestions