FCA Purchases Property At 2450 W Cortland St Chicago For $800000 With Broker Michael Shiff
2450 W Cortland St, Chicago, IL, 60647
$800,000
$134/SF
Building Size
5,952 SF
Asset Type
—
Closing
Nov 22, 2023
AI
The property involved in this transaction is located at 2450 W Cortland St, Chicago, IL, 60647. It was sold for a price of $800,000.00 and has a total area of 5,952 square feet. This transaction took place in the Chicago market.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $800,000.00
- Address: 2450 W Cortland St, Chicago, IL, 60647
- Square Footage: 5,952
- Market: Chicago
- Seller's Representative: Michael Shiff, Jameson Commercial Real Estate
- Buyer: FCA
The transaction was facilitated by Michael Shiff, who represents the seller through Jameson Commercial Real Estate, ensuring a smooth deal for both parties involved. FCA is the buyer in this transaction, acquiring the designated property for their purposes.
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
19.83%
Cash-on-Cash
-5.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93