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7201 South Western Avenue, ...

KW Commercial Brokers Sell Mixed-Use Property In Chicago For $795,000
SOLDMixed-use

KW Commercial Brokers Sell Mixed-Use Property In Chicago For $795,000

7201 South Western Avenue, Chicago, IL 60636

$795,000

$52/SF

Building Size

15,295 SF

Asset Type

Mixed-use

Closing

Sep 1, 2021

AI

The mixed-use property located at 7201 S Western Ave in Chicago was recently sold in a closed transaction. The property spans a total area of 15,295 square feet and features a diverse range of uses. The sale took place on 09/01/2021, with an asking price of $850,000 and a final sale price of $795,000. The price per square foot amounts to $52, reflecting the value of the property.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $795,000
  • Address: 7201 S Western Ave, Chicago
  • Market: Chicago
  • Asking Price: $850,000
  • Square Footage: 15,295 sqft

The deal was facilitated by the brokers Jason York, Vince Ewing, and Travis Montgomery from KW Commercial. They represented the parties involved in the transaction, showcasing their expertise in the real estate market. The involvement of these professionals demonstrates their commitment to securing successful deals for their clients.

Players

Travis Montgomery

Keller Williams Realty

Broker

$6.1M

vol

4 deals

Broker

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

19.95%

Cash-on-Cash

-5.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93