Essex Realty Group Inc Acquires Mixed-Use Property In Rogers Park, Chicago For $2.98M
7131 North Ridge Avenue,
$2,975,000
$180/SF
Building Size
16,450 SF
Asset Type
Mixed-use
Closing
Oct 7, 2022
AI
A mixed-use property located at 7131 N Ridge Blvd in Rogers Park, Chicago has been sold for a price of $2,975,000. The property spans a total of 16,450 square feet, resulting in a price per square foot of $181.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,975,000
- Address: 7131 N Ridge Blvd, Rogers Park, Chicago
- Market: Rogers Park, Chicago
- Brokers: Doug Imber, Kate Varde, Jaimie Steinher & Brian Karmowski - Essex Realty Group Inc
The brokers involved in this sale were Doug Imber, Kate Varde, Jaimie Steinher, and Brian Karmowski from Essex Realty Group Inc.
For more information about this sale or other properties currently available, please contact Essex Realty Group, Inc.
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
5.33%
Cash-on-Cash
-1.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93