Sejad Cantic Acquires Property From FCA With Brian DiBasilio And Adam Saxon Representing In Chicago For $1.8M
SOLD
$1,800,000
Illinois
See Similar DealsMultiFamily
Sold 01/17/2017
SOLD
Sejad Cantic Acquires Property From FCA With Brian DiBasilio And Adam Saxon Representing In Chicago For $1.8M
1506 W Fargo Ave, Chicago, IL, 60626
See Similar DealsMultiFamily
Sold 01/17/2017
Summary
ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale
A 19-apartment building located at 1506 W Fargo Ave in Chicago, IL, was sold for $1,800,000. The property spans a total of 0 square feet and is positioned in the Chicago market.
Summary of transaction details:
- Property Type: Apartment Building
- Transaction Amount: $1,800,000.00
- Address: 1506 W Fargo Ave, Chicago, IL, 60626
- Market: Chicago
- Buyer: Sejad Cantic
- Seller: FCA
- Buyer's Rep: Brian DiBasilio (Triad Real Estate Partners)
- Seller's Rep: Adam Saxon (Interra Realty)
In addition to the transaction at 1506 W Fargo Ave, Interra Realty's Brad Feldman, Brian DiBasilio, and Adam Saxon facilitated another closing involving a nine-unit building at 5005 West Diversey Ave in Belmont Cragin, which sold for $858,000, with Hugo Ramones as the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$96,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,395.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,532.92
Annual Debt Service$102,395.02
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