FCA Purchases Property At 2450 W Cortland St Chicago For $800000 With Broker Michael Shiff
SOLD
$800,000
Illinois
See Similar Deals5,952 SF
SOLD
FCA Purchases Property At 2450 W Cortland St Chicago For $800000 With Broker Michael Shiff
2450 W Cortland St, Chicago, IL, 60647
See Similar Deals5,952 SF
Summary
ILLINOIS
Price Per Square Foot:$134
Total Square Footage:5,952 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$42,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$2,842.22
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,792.41
Annual Debt Service$45,508.90
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