facebook
Traded Co logo
Submit

North Park Ventures Purchases Property From FCA In Chicago For $13.7 Million With Joe Smazal As Buyer's Representative

Property Image
SOLD
$13,700,000

Illinois

See Similar Deals
MultiFamily
the dealplayerscompscontact
Property Image
SOLD

North Park Ventures Purchases Property From FCA In Chicago For $13.7 Million With Joe Smazal As Buyer's Representative

3264 N Clark St, Chicago, IL, 60657

See Similar Deals
MultiFamily
Contact now

Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

The property asset involved in the transaction is located at 3264 N Clark St, Chicago, IL, 60657. It was sold for $13,700,000. The existing structure comprises 30 condominium units and includes six ground-floor retail spaces totaling 7,600 square feet. The upper residential floors feature a mix of one-, two-, and three-bedroom units, with amenities such as a shared dog run, courtyard, bike room, and storage lockers. The site is situated in Chicago's Lakeview neighborhood, near Wrigley Field.

Summary of transaction details:

  • Property Type: Condominium Units
  • Transaction Amount: $13,700,000.00
  • Address: 3264 N Clark St, Chicago, IL, 60657
  • Market: Chicago
  • Buyer: North Park Ventures
  • Seller: FCA
  • Buyer's Representative: Joe Smazal - Interra Realty

David Goss and Jon Morgan, alongside Joe Smazal, represented both the buyer and seller in this sales transaction. The buyer has plans to convert the condominium units into apartments and develop a new 22-unit apartment building on an adjacent surface lot.

Players

Joe Smazal
73 deals$596.9M volume
BROKER

BUYER

FCA
SELLER

Details

SOLD
IMAGE: 3264 N Clark St, Chicago, IL, 60657 MARKET: Chicago BUYER'S REP: Joe Smazal-Interra Realty BUYER: North Park Ventures SELLER: FCA PRICE: $13,700,000.00 SF: 0

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$730,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$48,673.20
Cash-on-Cash Return-1.27%
Monthly Debt Service$64,944.99
Annual Debt Service$779,339.87