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7900 S South Shore Dr, Chic...

Monarch Realty Partners Brokers $2.2M Mixed-Use Sale In South Shore, Chicago
SOLDMixed-use

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

Michael Anguiano

Nara Realty Advisors

Broker

$64.1M

vol

11 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

7.17%

Cash-on-Cash

-2.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93