Monarch Realty Partners Brokers $2.2M Mixed-Use Sale In South Shore, Chicago
7900 S South Shore Dr, Chicago, Illinois 60617, United States
$2,213,680
$69,177/SF
Building Size
32 SF
Asset Type
Mixed-use
Closing
Oct 31, 2022
AI
Located in South Shore, Chicago, IL, the mixed-use property at 7900 S Essex Ave has recently been sold in a closed transaction. The sale was facilitated by Robert Berman and Michael Anguiano of Monarch Realty Partners.
Summary of transaction details:
- Property Type: Mixed-use
- Date: 10/31/2022
- Address: 7900 S Essex Ave, South Shore, Chicago, IL
- Market: South Shore, Chicago, IL
- Square Footage: 32,940 SF
- Sale Price: $2,213,680
- Price per Square Foot: $67
The deal was concluded on 10/31/2022, with a sale price of $2,213,680. The property spans a total of 32,940 square feet, resulting in a price per square foot of $67. Robert Berman and Michael Anguiano, representing Monarch Realty Partners, played a crucial role as the brokers in this transaction.
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
7.17%
Cash-on-Cash
-2.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93