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4501 North Milwaukee Avenue...

Mixed-Use Property At 4501 & 4503 N Milwaukee Ave Sold For $2.6M In Portage Park
SOLDMixed-use

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

Doug Imber

Essex Realty Group

Broker

$241.8M

vol

29 deals

Broker

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

6.10%

Cash-on-Cash

-1.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93