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
$2,600,000
$145/SF
Building Size
17,935 SF
Asset Type
Mixed-use
Closing
Nov 29, 2022
AI
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.
Players
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