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1713 West 18th Street, Chic...

Douglas Byung Cho Acquires Retail Property In Pilsen, Chicago For $2M
SOLDRetail

Douglas Byung Cho Acquires Retail Property In Pilsen, Chicago For $2M

1713 West 18th Street, Chicago, Illinois 60608, United States

$2,000,000

$210/SF

Building Size

9,500 SF

Asset Type

Retail

Closing

Sep 27, 2022

AI

A retail property located at 1713 W 18th Street in the Pilsen neighborhood of Chicago has been sold. The property, spanning 9,500 square feet, was listed for an asking price of $2,300,000. The sale was finalized on September 28, 2022, with a final sale price of $2,000,000, resulting in a price per square foot of $211.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $2,000,000
  • Address: 1713 W 18th Street
  • Market: Pilsen, Chicago
  • Square Footage: 9,500
  • Seller's Representative: Paul Cawthon & Angelo Labriola - SVN Chicago
  • Buyer: Douglas Byung Cho
  • Buyer's Representative: Geraldine Healy - Colliers

Geraldine Healy from Colliers represented the buyer, Douglas Byung Cho, in this transaction. The seller's representatives were Paul Cawthon and Angelo Labriola from SVN Chicago.

Players

Paul Cawthon

SVN

Broker

$28.5M

vol

12 deals

Broker

Chicago Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.93%

Cash-on-Cash

-2.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93