Clark Patterson's Jameson Commercial Acquires Mixed-Use Property On W Division St In Chicago For $1.05M
SOLD
$1,050,000
Illinois
See Similar DealsMixed-use22,000 SF
Sold 07/18/2022
SOLD
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
See Similar DealsMixed-use22,000 SF
Sold 07/18/2022
Summary
ILLINOIS
Asset Type:Mixed-use
Price Per Square Foot:$47
Total Square Footage:22,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$55,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,730.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,977.54
Annual Debt Service$59,730.43
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