Clark Patterson's Jameson Commercial Acquires Mixed-Use Property On W Division St In Chicago For $1.05M
5300 West Division Street, Chicago, Illinois 60651, United States
$1,050,000
$47/SF
Building Size
22,000 SF
Asset Type
Mixed-use
Closing
Jul 17, 2022
AI
The mixed-use property located at 5300 W Division St in Chicago has been sold for $1,050,000. The transaction took place on July 18, 2022, and was facilitated by broker Clark Patterson from Jameson Commercial. The property spans a total area of 22,000 square feet, resulting in a price per square foot of $48.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,050,000
- Market: Chicago
- Broker: Clark Patterson - Jameson Commercial
- Square Footage: 22,000
- Price per Square Foot: $48
Clark Patterson from Jameson Commercial played a pivotal role in representing the buyer and facilitating the sale of this mixed-use property at 5300 W Division St in Chicago.
Chicago Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93