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Brewster Hague Brokers $7.5M Mixed-Use Sale In Wicker Park, Chicago

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SOLD
$7,500,000

Illinois

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Mixed-use
Sold 06/06/2022
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Property Image
SOLD

Brewster Hague Brokers $7.5M Mixed-Use Sale In Wicker Park, Chicago

1725 West Division Street, Chicago, Illinois 60610, United States

See Similar Deals
Mixed-use
Sold 06/06/2022
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Summary

ILLINOIS
Asset Type:Mixed-use
Transaction Type:Sale

The property involved in this closed transaction is a mixed-use asset located at 1725 W Division St, 1670 W. Division St & 1920 W. Division St. in Wicker Park, Chicago. The property consists of a combination of commercial and residential spaces. The sale of this property was facilitated by Brewster Hague of Greenstone Partners, who represented the parties involved in the transaction.

Summary of transaction details

  • Property Type: Mixed-use
  • Sale Price: $7,500,000
  • Date: 06/06/2022
  • Market: Wicker Park, Chicago

Brewster Hague of Greenstone Partners played a crucial role as the broker in this transaction, ensuring a successful deal for the buyer and seller. The sale price of $7,500,000 reflects the value of the property and the market demand in Wicker Park. This transaction showcases the expertise and professionalism of Brewster Hague and Greenstone Partners in the real estate market.

Players

Brewster Hague
24 deals$71.6M volume
BROKER

Details

SOLD
IMAGE: Brewster Hague DATE: 06/06/2022 ADDRESS: 1725 W Division St, 1670 W. Division St & 1920 W. Division St. MARKET: Wicker Park, Chicago ASSET TYPE: Mixed-use BROKER: Brewster Hague - Greenstone Partners (@GreenstonePartners) SALE PRICE: $7,500,000

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$400,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$26,645.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$35,553.83
Annual Debt Service$426,645.92