Updated Oct 29, 2024
FCA Acquires Property At 1906 W Summerdale Ave Chicago For $1 Million With Rep Katherine Varde
1906 W Summerdale Ave, Chicago, IL...
$1,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Apr 4, 2017
About this deal
AI
The property involved in this transaction is a six-unit apartment building located at 1906 W Summerdale Ave, Chicago, IL, within the Chicago market. The transaction was completed for a total price of $1,000,000.00 with the total square footage being 0.
Summary of transaction details:
- Property Type: Apartment Building
- Transaction Amount: $1,000,000.00
- Address: 1906 W Summerdale Ave, Chicago, IL
- Market: Chicago
- Buyer: FCA
- Seller: FCA
- Buyer's Representative: Katherine Varde-Essex Realty Group
- Seller's Representative: Joe Scheck-Essex Realty Group
In this transaction, Essex Realty's representatives included Steve Livaditis and Joe Scheck for the seller, while Doug Imber and Kate Varde represented the buyer. The property is situated in the Bowmanville neighborhood of Chicago.
Players
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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93