James Daughrity Acquires Mixed-Use Property In Bronzeville, Chicago For $1.85M
4659 South Cottage Grove Avenue, Chicago, Illinois 60653, United States
$1,850,000
$77/SF
Building Size
24,000 SF
Asset Type
Mixed-use
Closing
Mar 7, 2022
AI
A mixed-use property located at 4659 S Cottage Grove Ave in Bronzeville, Chicago has been sold. The property, spanning 24,000 square feet, was sold for a price of $1,850,000. The transaction took place on 03/08/2022. The property was previously listed for $2,000,000, resulting in a per square foot price of $77.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,850,000
- Address: 4659 S Cottage Grove Ave, Bronzeville, Chicago
- Square Footage: 24,000
James Daughrity from Daughrity Real Estate represented the buyer in this transaction, while Mike Nardini from CBRE represented the seller.
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
8.57%
Cash-on-Cash
-2.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93