Interra Realty Brokers Unveil Mixed-Use Property Sale On S. Claremont Ave Chicago For $2.9M
SOLD
$2,900,000
+ 2
Illinois
See Similar DealsMixed-use
Sold 08/24/2021
SOLD
Interra Realty Brokers Unveil Mixed-Use Property Sale On S. Claremont Ave Chicago For $2.9M
6710 South Claremont Avenue, Chicago, IL, USA
See Similar DealsMixed-use
Sold 08/24/2021
+ 2
Summary
ILLINOIS
Asset Type:Mixed-use
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$154,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,303.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,747.48
Annual Debt Service$164,969.75
Is there something missing? Send suggestions