FCA Acquires Property At 1856 N Western Ave Chicago For $741000 With Buyer's Rep Michael Shiff
1856 N Western Ave, Chicago, IL, 60647
$741,000
$148/SF
Building Size
4,986 SF
Asset Type
—
Closing
Nov 22, 2023
About this deal
AI
The property asset involved in this transaction is located at 1856 N Western Ave, Chicago, IL, 60647. The transaction was finalized at a price of $741,000.00 and encompasses a total square footage of 4,986. This asset is situated within the Chicago market.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $741,000.00
- Address: 1856 N Western Ave, Chicago, IL, 60647
- Market: Chicago
- Square Footage: 4,986
- Buyer's Representative: Michael Shiff (Jameson Commercial Real Estate)
- Buyer: FCA
Michael Shiff from Jameson Commercial Real Estate represented the buyer, FCA, in this transaction. The details emphasize the involvement of key individuals in the sale, highlighting the role of the representative in facilitating the deal.
On the Map
$741,000
$148/SF
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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
21.41%
Cash-on-Cash
-6.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93