Peter Rock Acquires Mixed-Use Property In Pilsen, Chicago For $1.3M
965 W 18th St, Chicago, IL 60608, USA
$1,335,000
$239/SF
Building Size
5,581 SF
Asset Type
Mixed-use
Closing
Nov 7, 2022
About this deal
AI
A mixed-use property located at 965 W 18th St in Pilsen, Chicago has been sold in a recent transaction. The property spans a total area of 5,581 square feet and was sold for a price of $1,335,000, resulting in a price per square foot of $239. The transaction took place on 11/07/2022.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,335,000
- Address: 965 W 18th St, Pilsen, Chicago
- Market: Pilsen, Chicago
- Buyer: Peter Rock
- Seller: Mark Falanga
- Buyer's Rep: Michael Scanlon & Jake Fugman - eXp Realty
- Seller's Rep: Steve Kehoe - Compass
- Asking Price: $1,350,000
- SF: 5,581
- PPSF: $239
The buyer, Peter Rock, acquired the property from the seller, Mark Falanga. Michael Scanlon and Jake Fugman from eXp Realty represented the buyer, while Steve Kehoe from Compass represented the seller 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
11.88%
Cash-on-Cash
-3.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93