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4659 South Cottage Grove Av...

Office Property At 4659 South Cottage Grove Avenue Sold For $1.925M In Chicago
SOLDOffice

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

James Daughrity

Daughrity Real Estate

Broker

$82.7M

vol

13 deals

Broker

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