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
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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