Harrison Pinkus Sells 6-Unit Mixed-Use Property In Wicker Park, Chicago For $1.42M
925 North Ashland Avenue, Wicker Park, Chicago, IL, USA
$1,420,000
$239/SF
Building Size
5,934 SF
Asset Type
Mixed-use
Closing
Jul 14, 2021
About this deal
AI
An undisclosed mixed-use property located at 925 N. Ashland Avenue in Wicker Park, Chicago, was recently sold for a total price of $1,420,000. The property consists of six units, including five residential units and one retail unit. With a price per unit (PPU) of $236,667, this property offers a valuable investment opportunity in the vibrant Wicker Park market.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,420,000
- Units: 6 (5 Residential, 1 Retail)
- Price Per Unit (PPU): $236,667
- Address: 925 N. Ashland Avenue, Wicker Park, Chicago
The sale of this property was facilitated by Harrison Pinkus, a well-known broker in the area. As the representative for this transaction, Harrison Pinkus played a crucial role in ensuring a successful deal for both the buyer and seller.
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
11.17%
Cash-on-Cash
-3.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93