Essex Realty Group Inc Acquires Mixed-Use Property In Rogers Park, Chicago For $2.98M
SOLD
$2,975,000
+ 1
Illinois
See Similar DealsMixed-use16,450 SF
Sold 10/07/2022
SOLD
Essex Realty Group Inc Acquires Mixed-Use Property In Rogers Park, Chicago For $2.98M
7131 North Ridge Avenue,
See Similar DealsMixed-use16,450 SF
Sold 10/07/2022
+ 1
Summary
ILLINOIS
Asset Type:Mixed-use
Price Per Square Foot:$180
Total Square Footage:16,450 SF
Transaction Type:Sale
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
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)
$158,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,569.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,103.02
Annual Debt Service$169,236.21
Is there something missing? Send suggestions