Keller Williams ONEChicago Acquires Mixed-Use Property In Hyde Park, Chicago For $10.4M
SOLD
$10,400,000
Illinois
See Similar DealsMixed-use
Sold 01/20/2022
SOLD
Keller Williams ONEChicago Acquires Mixed-Use Property In Hyde Park, Chicago For $10.4M
5228 South Blackstone Avenue, Chicago, Illinois 60637, United States
See Similar DealsMixed-use
Sold 01/20/2022
Summary
ILLINOIS
Asset Type:Mixed-use
Transaction Type:Sale
Located in Hyde Park, Chicago, the mixed-use property located at 5228 Blackstone St. was recently sold for a price of $10,400,000. The transaction took place on January 20, 2022. The property comprises 40 units, with each unit having a price per unit (PPU) of $260,000.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $10,400,000
- Address: 5228 Blackstone St., Hyde Park, Chicago
- Market: Hyde Park, Chicago
The sale of this property was facilitated by the brokers Frank Martinez and Tony Hardy, who represented the parties involved in the transaction. They are from the agency Keller Williams ONEChicago.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$554,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$36,949.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$49,301.31
Annual Debt Service$591,615.67
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