CBRE Brokers $3.2M Sale Of 19,615 SF Office Property At 219 West Chicago Avenue
219 West Chicago Avenue
$3,200,000
$163/SF
Building Size
19,615 SF
Asset Type
Office
Closing
Aug 15, 2025
About this deal
AI
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.
On the Map
$3,200,000
$163/SF
Office
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Players
Chicago Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93