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6710 South Claremont Avenue...

Interra Realty Brokers Unveil Mixed-Use Property Sale On S. Claremont Ave Chicago For $2.9M
SOLDMixed-use

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

Jeremy Morton

Interra Realty

Broker

$90.5M

vol

26 deals

Broker

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

5.47%

Cash-on-Cash

-1.56%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93