FCA Purchases 1244 W Byron St Chicago For $6.4M With Joe Scheck As Seller's Representative
1244 W Byron St, Chicago, IL, 60613
$6,400,000
Building Size
—
Asset Type
—
Closing
Nov 20, 2023
About this deal
AI
The property asset involved in this transaction is located at 1244 W Byron St, Chicago, IL, 60613. It was sold for a transaction amount of $6,400,000.00. The property is situated in the Chicago market and has a square footage of 0.
Summary of transaction details:
- Property Type: SALE
- Transaction Amount: $6,400,000.00
- Address: 1244 W Byron St, Chicago, IL, 60613
- Market: Chicago
- Seller's Representative: Joe Scheck-Essex Realty Group
- Buyer: FCA
The deal involves Joe Scheck representing the seller through Essex Realty Group, facilitating the transaction with the buyer, FCA. This interaction highlights the roles of brokerage in the commercial real estate market.
On the Map
$6,400,000
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Players
Chicago CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.48%
Cash-on-Cash
-0.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93