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
About this deal
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
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