Joe Minecci Sells Mixed-use Property At 2553 North Halsted Street In Chicago For $2.95M
2553 North Halsted Street
$2,950,000
$236/SF
Building Size
12,474 SF
Asset Type
Mixed-use
Closing
Sep 30, 2024
About this deal
AI
The mixed-use property located at 2553 North Halsted Street in the Chicago market was sold for $2,950,000. The total square footage of the asset is 12,474, resulting in a price per square foot of $236.
Summary of transation details:
- Property Type: Mixed-use
- Transaction Amount: $2,950,000
- Address: 2553 North Halsted Street
- Market: Chicago
- Square Footage: 12,474
- Price per Square Foot: $236
- Seller: Joe Minecci
- Broker: Austin Robert David Sprenkel - Domaine Chicago Illinois LLC
Austin Robert David Sprenkel represented the broker in this transaction while working for Domaine Chicago Illinois LLC, facilitating the sale on behalf of the seller Joe Minecci.
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
5.38%
Cash-on-Cash
-1.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93