Interra Realty Brokers $2.2M Sale Of Mixed-use Property In Chicago
900 South Western Avenue, Chicago, IL, USA & 900 South Western Avenue, Chicago, IL, USA
$2,200,000
$183/SF
Building Size
10,420 SF
Asset Type
Mixed-use
Closing
Nov 15, 2020
About this deal
AI
A mixed-use property located at 900 S. Western Avenue in Chicago has been sold for $2,200,000. The property consists of 10 units, with a price per unit of $220,000. The sale was facilitated by brokers Jeremy Morton and Ted Stratman, representing Interra Realty.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,200,000
- Units: 10
- Price Per Unit: $220,000
- Brokers: Jeremy Morton & Ted Stratman - Interra Realty
Jeremy Morton and Ted Stratman, from Interra Realty, played a crucial role in the successful sale of this mixed-use property at 900 S. Western Avenue in Chicago.
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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93