SOLDMixed-use
Marcus & Millichap Brokers Sell Mixed-Use Chicago Property For $1.1M
5256 West North Avenue, Chicago, IL, USA
$1,125,000
$80/SF
Building Size
14,000 SF
Asset Type
Mixed-use
Closing
Jan 12, 2021
AI
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.
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
14.10%
Cash-on-Cash
-4.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93