facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Illinois

/

Mixed Use

/

Sale

/

948 North Damen

Dori's World LLC Acquires Mixed-Use Property In West Town, Chicago For $1M
SOLDMixed-use

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

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

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.

Players

Paul Tsakiris

First Western Properties

Broker

$2.9M

vol

4 deals

Broker

Chicago Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

Loading comparables…

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