Root Realty Acquires Retail Property On North Clark Street In Chicago For $4.6M
SOLD
$4,638,000
Illinois
See Similar DealsRetail15,300 SF
Sold
SOLD
Root Realty Acquires Retail Property On North Clark Street In Chicago For $4.6M
7410 N Clark St Chicago, IL 60626, USA
See Similar DealsRetail15,300 SF
Sold
Summary
ILLINOIS
Asset Type:Retail
Price Per Square Foot:$303
Total Square Footage:15300 SF
Transaction Type:Sale
A retail property located at 7410 North Clark Street in Chicago has been sold for $4,638,000. The property spans a total of 15,300 square feet, resulting in a price per square foot of $303. The transaction took place on August 29, 2023.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,638,000
- Square Footage: 15,300
- Price per Square Foot: $303
- Address: 7410 North Clark Street, Chicago
- Market: Chicago
Kevin Itima from Root Realty represented the buyer in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$247,360.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,477.83
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,986.49
Annual Debt Service$263,837.83
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