Greenstone Partners Sells Mixed-Use Property In Chicago For $1.89M
939 West Armitage Avenue, Chicago, Illinois 60614, United States
$1,890,000
$536/SF
Building Size
3,520 SF
Asset Type
Mixed-use
Closing
Apr 14, 2022
About this deal
AI
A mixed-use property located at 939 W Armitage Ave in Chicago has been sold for $1,890,000. The property spans an area of 3,520 square feet, resulting in a price per square foot of $537. The sale was facilitated by Brewster Hague and Danny Spitz of Greenstone Partners.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,890,000
- Property Address: 939 W Armitage Ave, Chicago
- Market: Chicago
- Square Footage: 3,520 sf
- Price per Square Foot: $537
- Brokers: Brewster Hague & Danny Spitz - Greenstone Partners
Brewster Hague and Danny Spitz of Greenstone Partners represented the buyers and sellers 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
8.39%
Cash-on-Cash
-2.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93