Updated Oct 28, 2024
Mohawk Partners II Acquires Lincoln Park Single Family For $10M
2026 North Mohawk Street, Chicago, Illinois 60614, United States
$10,000,000
$1,075/SF
Building Size
9,300 SF
Asset Type
Single Family Residence
Closing
Jul 11, 2022
About this deal
AI
The single-family property located at 2026 N Mohawk St. in Lincoln Park has been sold. The transaction took place on 07/12/2022, with Mohawk Partners II purchasing the property from Mohawk Partners. The sale price for the property was $10,000,000. The property spans approximately 9,300 square feet, resulting in a price per square foot of $1,075.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $10,000,000
- Address: 2026 N Mohawk St.
- Market: Lincoln Park
- Buyer: Mohawk Partners II
- Seller: Mohawk Partners
- Square Footage: 9,300
- Price per Square Foot: $1,075
Mohawk Partners II acted as the buyer in this transaction, while Mohawk Partners represented the seller's interests. This successful deal demonstrates the active real estate market in Lincoln Park and the strong interest in single-family properties.
Players
Chicago Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93