Interra Realty Executes $2.65M Sale Of Mixed-Use Property In Edgewater/Rogers Park, Chicago
6403 North Wayne Avenue, Chicago, Illinois 60626, United States
$2,650,000
Building Size
—
Asset Type
Mixed-use
Closing
May 30, 2022
About this deal
AI
A mixed-use property located at 6403 N Wayne Ave in the Edgewater/Rogers Park neighborhood of Chicago has been sold for $2,650,000. The sale was facilitated by Brad Feldman of Interra Realty. The property features a combination of residential and commercial spaces, making it suitable for various uses.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,650,000
- Address: 6403 N Wayne Ave, Edgewater/Rogers Park, Chicago
- Broker: Brad Feldman - Interra Realty
Brad Feldman, representing Interra Realty, played a key role in the successful sale of this mixed-use property. The transaction showcases the versatility of the property, as it combines residential and commercial spaces to meet the needs of different businesses and individuals.
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
5.99%
Cash-on-Cash
-1.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93