Keller Williams ONEChicago Acquires Mixed-Use Property In Hyde Park, Chicago For $10.4M
5228 South Blackstone Avenue, Chicago, Illinois 60637, United States
$10,400,000
Units
40
Asset Type
Mixed-use
Closing
Jan 20, 2022
About this deal
AI
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.
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
1.53%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93