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
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