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

Property Image
SOLD
$4,600,000

Illinois

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MultiFamily
Sold 01/10/2017
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Property Image
SOLD

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

1800 W Farwell Ave, Chicago, IL, 60626

See Similar Deals
MultiFamily
Sold 01/10/2017
Contact now

Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

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
11 deals$265.6M volume(312) 300-7287
BROKER

Brian Semel
95 Realty
8 deals$72.6M volume(773) 710-4650
BROKER

Michael Anguiano
Nara Realty Advisors
11 deals$64.1M volume
BROKER

FCA
SELLER

Details

SOLD
IMAGE: 1800 W Farwell Ave, Chicago, IL, 60626 MARKET: Chicago BUYER'S REP: Michael Anguiano(Monarch Realty Partners), Brian Semel(Monarch Realty Partners) SELLER'S REP: Bill Baumann(Monarch Realty Partners) BUYER: FCA SELLER: FCA PRICE: $4,600,000.00 SF: 0

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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$245,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$16,342.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,806.35
Annual Debt Service$261,676.16