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1800 W Farwell Ave, Chicago...

FCA Sells Property At 1800 W Farwell Ave Chicago For $4.6M With Monarch Realty Partners
SOLDMultiFamily

FCA Sells Property At 1800 W Farwell Ave Chicago For $4.6M With Monarch Realty Partners

1800 W Farwell Ave, Chicago, IL, 60626

$4,600,000

Building Size

Asset Type

MultiFamily

Closing

Jan 10, 2017

AI

The property involved in this transaction is located at 1800 W Farwell Ave, Chicago, IL, 60626. The sale price for this 44-unit apartment building was $4,600,000.00. The total square footage for the property is 0. The transaction took place in the Chicago market.

Summary of transaction details:

  • Property Type: Apartment Building
  • Transaction Amount: $4,600,000.00
  • Address: 1800 W Farwell Ave, Chicago, IL, 60626
  • Market: Chicago
  • Buyer: FCA
  • Seller: FCA
  • Buyer's Representatives: Michael Anguiano (Monarch Realty Partners), Brian Semel (Monarch Realty Partners)
  • Seller's Representative: Bill Baumann (Monarch Realty Partners)

Monarch Realty Partners facilitated the transaction, representing both the buyer and seller. Bill Baumann, Brian Semel, and Michael Anguiano handled the deal, which is part of a series of transactions they have managed, also including sales of other apartment buildings in Rogers Park and Albany Park.

Players

Bill Baumann

JLL

Broker

$265.6M

vol

11 deals

Broker
FCA
FCASeller

Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.45%

Cash-on-Cash

-0.99%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93