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.
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