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Jingjing Zhang & Brant Booker Facilitate $3.1M Sale Of Mixed-Use Property In Chicago
SOLD
$3,100,000
Illinois
See Similar DealsMixed-use
Sold 03/15/2024
SOLD
Jingjing Zhang & Brant Booker Facilitate $3.1M Sale Of Mixed-Use Property In Chicago
651 West Armitage Avenue
See Similar DealsMixed-use
Sold 03/15/2024
Summary
ILLINOIS
Asset Type:Mixed-use
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$165,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,013.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,695.58
Annual Debt Service$176,346.98
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