Interra Realty Brokers Unveil Mixed-Use Property Sale On S. Claremont Ave Chicago For $2.9M
6710 South Claremont Avenue, Chicago, IL, USA
$2,900,000
Building Size
—
Asset Type
Mixed-use
Closing
Aug 24, 2021
AI
Located at 6710 S. Claremont Ave in Chicago, this mixed-use property was recently sold for a price of $2,900,000. The transaction took place on 08/24/2021, with a total of 55 units. With an average price per unit of $52,727, this property offers a promising investment opportunity.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,900,000
- Address: 6710 S. Claremont Ave, Chicago
- Market: Chicago
- Units: 55
- Price per Unit: $52,727
Ted Stratman, Lucas Fryman, David Goss, Jon Morgan, and Jeremy Morton, representing Interra Realty, were the brokers involved in this deal. Their expertise and negotiation skills played a vital role in facilitating the successful sale of this property. With their guidance, the transaction was completed, ensuring a favorable outcome for all parties involved.
Players
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
5.47%
Cash-on-Cash
-1.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93