Daily limit: 0/10
CBRE Brokers $3.2M Sale Of 19,615 SF Office Property At 219 West Chicago Avenue
SOLD
$3,200,000
Illinois
See Similar DealsOffice19,615 SF
Sold 08/15/2025
SOLD
CBRE Brokers $3.2M Sale Of 19,615 SF Office Property At 219 West Chicago Avenue
219 West Chicago Avenue
See Similar DealsOffice19,615 SF
Sold 08/15/2025
Summary
ILLINOIS
Asset Type:Office
Price Per Square Foot:$163
Total Square Footage:19,615 SF
Transaction Type:Sale
An office property located at 219 West Chicago Avenue in Chicago has been sold for $3,200,000. The asset covers a total of 19,615 square feet and is currently 78% leased. The property falls under DX-5 zoning, which allows for potential high-rise residential, office, or apartment conversions with ground-floor retail.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $3,200,000
- Square Footage: 19,615 SF
- Price Per Square Foot: $163
- Address: 219 West Chicago Avenue
- Market: Chicago
The deal was brokered by Dominic Soltero, Tom Svoboda, and John Saletta from CBRE. This transaction marks the international buyer's first investment in Chicago.
Players
BROKERAGE
Details
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
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$170,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,368.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,169.63
Annual Debt Service$182,035.59
Is there something missing? Send suggestions