Office Property At 4659 South Cottage Grove Avenue Sold For $1.925M In Chicago
4659 South Cottage Grove Avenue
$1,925,000
$55/SF
Building Size
35,000 SF
Asset Type
Office
Closing
Sep 16, 2025
AI
The asset involved in this transaction is an office property located at 4659 South Cottage Grove Avenue, situated in the Chicago market. It covers a total square footage of 35,000 and was sold for a price of $1,925,000, resulting in a price per square foot of $55.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1,925,000
- Square Footage: 35,000
- Price per Square Foot: $55
- Address: 4659 South Cottage Grove Avenue
- Market: Chicago
- Seller's Representatives: Moses Hall - MoHall Commercial Urban Development & James Daughrity - Daughrity Real Estate
- NOTE: Multiple Offers Received.
Moses Hall and James Daughrity represented the sellers in this transaction, facilitating the process of transferring the asset to the new owner. Their involvement underscores the expertise of both agencies in managing commercial real estate deals in the Chicago area.
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
8.24%
Cash-on-Cash
-2.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93