Dori's World LLC Acquires Mixed-Use Property In West Town, Chicago For $1M
948 North Damen
$1,000,000
$163/SF
Building Size
6,100 SF
Asset Type
Mixed-use
Closing
Nov 11, 2022
About this deal
AI
Dori's World LLC has acquired a mixed-use property located at 948 N. Damen in the West Town neighborhood of Chicago. The transaction was completed on 11/11/2022. The property spans 6,100 square feet and was sold for $1,000,000, resulting in a price per square foot of $164. The asset offers a unique mix of residential and commercial spaces, making it an attractive investment opportunity in the vibrant West Town market.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,000,000
- Address: 948 N. Damen, West Town, Chicago
- Market: West Town, Chicago
- Buyer: Dori's World LLC
- Seller: Sofia Ahmen
- Brokers: Paul Tsakiris ([email protected]) & Jacob Elgazar ([email protected]) - First Western Properties
Paul Tsakiris and Jacob Elgazar from First Western Properties served as the brokers representing the buyer and seller in this transaction. Their expertise and knowledge of the West Town market played a crucial role in facilitating a successful deal. This acquisition presents new opportunities for Dori's World LLC to leverage the property's mixed-use space and maximize their investment in the dynamic West Town neighborhood.
On the Map
$1,000,000
$163/SF
Mixed-use
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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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93