Root Realty Sells Special Purpose Property In Bridgeport, Chicago For $800,000
3018 South Wells Street
$800,000
$66/SF
Building Size
11,965 SF
Asset Type
Special Purpose
Closing
May 10, 2022
AI
The special purpose property located at 3018 S Wells St in Bridgeport, Chicago has been sold in a transaction. The property spans 11,965 square feet and was sold for a price of $800,000, resulting in a price per square foot of $67.
Summary of transaction details
- Property Type: Special Purpose
- Transaction Amount: $800,000
- Address: 3018 S Wells St, Bridgeport, Chicago
- Market: Bridgeport, Chicago
- Square Footage: 11,965
- Seller's Representative: Kevin Itima, Joseph Root & Michael Root - Root Realty
Represented by Kevin Itima, Joseph Root & Michael Root from Root Realty, the sale of this special purpose property in Bridgeport, Chicago marks a significant transaction in the real estate market.
Players
Chicago Special Purpose Market Snapshot
Boundary boundary · Special Purpose · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
19.83%
Cash-on-Cash
-5.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93