Jingjing Zhang & Brant Booker Facilitate $3.1M Sale Of Mixed-Use Property In Chicago
651 West Armitage Avenue
$3,100,000
Building Size
—
Asset Type
Mixed-use
Closing
Mar 15, 2024
About this deal
AI
The mixed-use property at 651 West Armitage Avenue in Chicago was sold for $3,100,000. The transaction was facilitated by Jingjing Zhang of Concentric Realty, representing the buyer, and Brant Booker of Jameson Sotheby's International Realty, representing the seller.
Summary of transation details:
- Property Type: Mixed-use
- Transaction Amount: $3,100,000
- Address: 651 West Armitage Avenue, Chicago
- Market: Chicago
- Buyer's Rep: Jingjing Zhang - Concentric Realty
- Seller's Rep: Brant Booker - Jameson Sotheby's International Realty
The $3.1 million sale of the mixed-use property in Chicago was brokered by Jingjing Zhang from Concentric Realty and Brant Booker from Jameson Sotheby's International Realty.
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
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93