Greenstone Partners Facilitates $3.6M Mixed-Use Sale In Chicago's Lincoln Square
2200 West Lawrence Avenue
$3,600,000
$313/SF
Building Size
11,500 SF
Asset Type
Mixed-use
Closing
Aug 18, 2023
AI
The mixed-use building located at 2200 West Lawrence Avenue in Chicago's Lincoln Square neighborhood has been sold for $3.6 million. The property encompasses a total area of 11,500 square feet, resulting in a price per square foot of $313. The retail space includes popular tenants Roots Pizza and The Sixth, in addition to six apartment units.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $3,600,000
- Address: 2200 West Lawrence Avenue
- Market: Chicago
The sale of this mixed-use property was facilitated by Greenstone Partners, with brokers Danny Spitz, Jordan Multack, and Tom Galvin representing the deal. Their expertise and efforts led to the successful transaction.
Players
Avenue Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93