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Interra Realty Represents Both Buyer And Seller In $10.7M Chicago Mixed-Use Sale
SOLD
$10,700,000
Illinois
See Similar DealsMixed-use
Sold
SOLD
Interra Realty Represents Both Buyer And Seller In $10.7M Chicago Mixed-Use Sale
811 West Lill Avenue
See Similar DealsMixed-use
Sold
Summary
ILLINOIS
Asset Type:Mixed-use
Transaction Type:Sale
The property involved in the transaction is a mixed-use asset located at 811 West Lill Avenue, Chicago. The building comprises 22 residential units, with an average price per unit of $486,364. The sale price for the property was $10,700,000.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $10,700,000
- Number of Units: 22
- Price Per Unit: $486,364
- Address: 811 West Lill Avenue
- Market: Chicago
The deal was facilitated by Brad Feldman and Joe Smazal of Interra Realty, who represented both the buyer and seller. This transaction is part of Interra Realty’s broader activities, contributing to over $60 million in recent transactions on Chicago's North Side, reflecting strong leasing momentum and sustained investor interest in the city's multifamily market.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$570,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$38,014.83
Cash-on-Cash Return-1.27%
Monthly Debt Service$50,723.46
Annual Debt Service$608,681.51
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