Mark Heidecke of Horvath & Tremblay Represents the Seller in Retail Asset Sale in Chicago for $952,000
SOLD
$952,000
Illinois
See Similar DealsRetail2,604 SF
Sold 06/02/2025
SOLD
Mark Heidecke of Horvath & Tremblay Represents the Seller in Retail Asset Sale in Chicago for $952,000
3661 West Division Street
See Similar DealsRetail2,604 SF
Sold 06/02/2025
Summary
ILLINOIS
Asset Type:Retail
Price Per Square Foot:$365
Total Square Footage:2,604 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$50,773.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,382.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,512.97
Annual Debt Service$54,155.59
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