SOLDMixed-use
FCA Acquires Mixed-Use Property On South Indiana Ave, Chicago For $1.7M
5450 S Indiana Ave, Chicago, IL, 60615
$1,700,000
Building Size
—
Asset Type
Mixed-use
Closing
Apr 18, 2017
About this deal
AI
The mixed-use property at 5450 South Indiana Ave in Washington Park, Chicago was sold for $1,700,000. The property comprises 22 recently renovated apartments and five retail spaces.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,700,000.00
- Location: 5450 S Indiana Ave, Chicago, IL, 60615
- Market: Chicago
- Buyer: FCA
- Seller: FCA
- Buyer's Representative: Lucas Fryman (Interra Realty)
- Seller's Representatives: Lucas Fryman, David Goss, Jon Morgan
Interra Realty's Lucas Fryman represented the buyer, while Fryman, David Goss, and Jon Morgan acted as the seller's representatives in the transaction.
Players
Chicago Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93