Essex Realty Group Inc. Brokers Sell Mixed-Use Property In Portage Park, Chicago For $2.6M At 4501 & 4503 N Milwaukee Ave
SOLD
$2,600,000
+ 1
Illinois
See Similar DealsMixed-use17,935 SF
Sold 11/29/2022
SOLD
Essex Realty Group Inc. Brokers Sell Mixed-Use Property In Portage Park, Chicago For $2.6M At 4501 & 4503 N Milwaukee Ave
4503 North Milwaukee Avenue
See Similar DealsMixed-use17,935 SF
Sold 11/29/2022
+ 1
Summary
ILLINOIS
Asset Type:Mixed-use
Price Per Square Foot:$145
Total Square Footage:17,935 SF
Transaction Type:Sale
A mixed-use property located at 4501 & 4503 N Milwaukee Ave in Portage Park, Chicago, has been sold for a total of $2,600,000. The property spans over 17,935 square feet, 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, Portage Park, Chicago
- Square Footage: 17,935
- Price Per Square Foot: $145
- Brokers: Doug Imber, Kate Varde, Jaimie Steinher, Dan Shepherd & Rick Ofman - Essex Realty Group, Inc.
Represented by Doug Imber, Kate Varde, Jaimie Steinher, Dan Shepherd, and Rick Ofman from Essex Realty Group, Inc., the sale of this mixed-use property closed on November 29, 2022. For any further questions regarding this transaction, please contact Essex Realty Group, Inc.
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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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