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7456 South Eberhart Avenue,...

Travis Montgomery Sells Mixed-Use Property In Chicago For $935K
SOLDMixed-use

Travis Montgomery Sells Mixed-Use Property In Chicago For $935K

7456 South Eberhart Avenue, Chicago, IL, USA

$935,000

$52/SF

Building Size

17,871 SF

Asset Type

Mixed-use

Closing

Jun 4, 2020

AI

A mixed-use property located at 7456 S Eberhart in Chicago was recently sold. The property consists of 19 units and spans 17,871 square feet. The asking price for this transaction was $1,050,000, and it was ultimately sold for $935,000, resulting in a sale price per unit of $50,000. The price per square foot was calculated to be $52. The property achieved a cap rate of 13.57%. Travis Montgomery served as the seller's representative in this deal.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $935,000
  • Units: 19
  • Price Per Unit: $50,000
  • Square Footage: 17,871
  • Price Per Square Foot: $52
  • Cap Rate: 13.57%

This transaction was facilitated with the assistance of Travis Montgomery, who represented the seller. The specific buyer and any additional parties involved in the deal were not mentioned in the available information.

Players

Travis Montgomery

Keller Williams Realty

Broker

$6.1M

vol

4 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

16.97%

Cash-on-Cash

-4.85%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93