Mixed-Use Property At 4501 & 4503 N Milwaukee Ave Sold For $2.6M In Portage Park
SOLD
$2,600,000
+ 2
Illinois
See Similar DealsMixed-use17 SF
Sold
SOLD
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
See Similar DealsMixed-use17 SF
Sold
+ 2
Summary
ILLINOIS
Asset Type:Mixed-use
Price Per Square Foot:$152941
Total Square Footage:17 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$138,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,237.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,325.33
Annual Debt Service$147,903.92
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