Engel LLC Acquires Retail Property In Lakeview, Chicago For $620,000
3061 North Lincoln Avenue, Lake View, Chicago, IL, USA
$620,000
$258/SF
Building Size
2,400 SF
Asset Type
Retail
Closing
Jun 30, 2021
About this deal
AI
Located in Lakeview, Chicago, a retail property at 3061 N Lincoln Avenue recently changed hands in a sale transaction. The property spans 2,400 square feet and was sold for a price of $620,000, reflecting a price per square foot of $258.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $620,000
- Address: 3061 N Lincoln Avenue
- Market: Lakeview, Chicago
The buyer of the property was Engel LLC, represented by James Hodur and Ben Miotti from Coldwell Banker Commercial. On the other side, Mikus Kins from Be Commercial Realty served as the seller's representative in the deal.
Note: No additional information is available regarding financing or any other involved parties in the transaction.
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
25.59%
Cash-on-Cash
-7.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93