Marcus & Millichap Sells Retail Property On N. Broadway St In Chicago For $4.2M
4809 N Broadway St, Chicago, IL 60640
$4,200,000
$700/SF
Building Size
6,000 SF
Asset Type
Retail
Closing
Aug 29, 2022
About this deal
AI
The retail property located at 4809 N. Broadway St in Chicago has been sold for a price of $4,200,000. The transaction took place on 08/30/2022, and the property is approximately 6,000 square feet in size. The sale price per square foot amounts to $700. Nicholas Kanich from Marcus & Millichap served as the broker for this sale.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,200,000
- Address: 4809 N. Broadway St, Chicago
- Square Footage: 6,000
- Price per Square Foot: $700
The deal was facilitated by Nicholas Kanich, representing Marcus & Millichap. With this sale, a successful transaction for the retail property in Chicago's market has been completed.
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
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93