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.
On the Map
$2,000,000
$210/SF
Retail
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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