Mark Heidecke of Horvath & Tremblay Represents the Seller in Retail Asset Sale in Chicago for $952,000
3661 West Division Street
$952,000
$365/SF
Building Size
2,604 SF
Asset Type
Retail
Closing
Jun 1, 2025
AI
The property asset involved in the transaction is located at 3661 West Division Street, Chicago. This retail asset was sold for a price of $952,000, encompassing a total square footage of 2,604, which translates to a price per square foot of $365.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $952,000
- Sale Date: 06/02/2025
- Seller: Patel D. Jitendrakumar - J&A Properties Group
- Broker: Mark Heidecke - Horvath & Tremblay
Mark Heidecke represented the seller, Patel D. Jitendrakumar, during this transaction process, facilitating the sale of the retail property listed at the specified address.
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
16.66%
Cash-on-Cash
-4.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93