5601 N. Clark LLC Acquires Retail Property From The Cloverleaf Real Estate Group For $2.25M
5601 North Clark Street
$2,250,000
$362/SF
Building Size
6,200 SF
Asset Type
Retail
Closing
Mar 27, 2025
AI
The property asset involved in this transaction is a retail asset located at 5601 North Clark Street in the Chicago market. The sale price for this property was $2,250,000.00, and it encompasses a total square footage of 6,200.0 square feet.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $2,250,000.00
- Address: 5601 North Clark Street
- Market: Chicago
- Seller: The Cloverleaf Real Estate Group
- Buyer: 5601 N. Clark LLC
- Brokers: Mitchell Kiven - Marcus & Millichap
The deal was facilitated by Mitchell Kiven, who represents the broker agency Marcus & Millichap in this transaction, showcasing the collaboration involved in ensuring the successful sale of the property.
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
7.05%
Cash-on-Cash
-2.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93