Marcus & Millichap Brokers Sell Mixed-Use Chicago Property For $1.1M
SOLD
$1,125,000
Illinois
See Similar DealsMixed-use14,000 SF
Sold
SOLD
Marcus & Millichap Brokers Sell Mixed-Use Chicago Property For $1.1M
5256 West North Avenue, Chicago, IL, USA
See Similar DealsMixed-use14,000 SF
Sold
Summary
ILLINOIS
Asset Type:Mixed-use
Price Per Square Foot:$80
Total Square Footage:14000 SF
Transaction Type:Sale
A mixed-use property located at 5256 W. North Avenue in Chicago has been sold for $1,125,000. The property consists of 18 units, with a price per unit of $62,500. It spans 14,000 square feet, resulting in a price per square foot of $804.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,125,000
- Units: 18
- Price per Unit: $62,500
- Square Footage: 14,000
- Price per Square Foot: $804
- Address: 5256 W. North Avenue, Chicago
The sale was facilitated by brokers James Ziegler and Keith Zelenika of Marcus & Millichap.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$60,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,996.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,333.07
Annual Debt Service$63,996.89
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