Mixed-Use Property At 4501 & 4503 N Milwaukee Ave Sold For $2.6M In Portage Park
4501 North Milwaukee Avenue, Chicago, Illinois 60630, United States
$2,600,000
$152,941/SF
Building Size
17 SF
Asset Type
Mixed-use
Closing
Nov 29, 2022
AI
The property involved in this closed transaction is a mixed-use asset located at 4501 & 4503 N Milwaukee Ave in Portage Park, Chicago. The property spans a total square footage of 17,935 and was sold for a price of $2,600,000, resulting in a price per square foot of $145.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,600,000
- Address: 4501 & 4503 N Milwaukee Ave
- Market: Portage Park, Chicago
The sale of this property was facilitated by the brokers Doug Imber, Kate Varde, Jaimie Steinher, Dan Shepherd, and Rick Ofman from Essex Realty Group, Inc.
Please direct any further inquiries about this transaction to Essex Realty Group, Inc.
Players
Chicago Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93