Chicago Real Estate Resources Facilitates $2.75M Sale Of Mixed-Use Property On S Avalon Ave
7845 South Avalon Avenue, Chicago, IL 60619, USA
$2,750,000
$65/SF
Building Size
42,050 SF
Asset Type
Mixed-use
Closing
Jun 28, 2020
About this deal
AI
The mixed-use property located at 7845 S Avalon Ave in Chicago has been sold for a price of $2,750,000. This property consists of 52 units, resulting in a per unit price of $52,885.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,750,000
- Address: 7845 S Avalon Ave, Chicago
- Market: Chicago
- Units: 52
- Price Per Unit: $52,885
The sale was facilitated by Finley Askin from Chicago Real Estate Resources.
The mixed use sale at 7845 South Avalon Avenue, Chicago, IL 60619, USA in Chicago, Illinois sold for $2.8M in 2020. Reported inventory is 42,050 square feet across 52 units, or about 65 per square foot. Finley Askin, Matthews appear on the sale alongside Matthews. This page is the Chicago, Illinois file for the 7845 South Avalon Avenue, Chicago, IL 60619, USA mixed use sold: pricing, party profiles, and other closed mixed use comps from the same Chicago sit in the Market section below. Filter that Chicago mixed use set by closing date to see what else sold near 7845 South Avalon Avenue, Chicago, IL 60619, USA around 2020. Published consideration for 7845 South Avalon Avenue, Chicago, IL 60619, USA is $2.8M, dated 2020. Cite this Chicago Real Estate Resources Facilitates $2.75M Sale Of Mixed-Use Property On S Avalon Ave sale when underwriting similar mixed use product around Chicago, Illinois.
Players
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
5.77%
Cash-on-Cash
-1.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93