Updated Oct 29, 2024
FCA Acquires Property In Chicago For $805,000 With Buyer's Rep Joe Scheck
4146 W Cornelia Ave, Chicago, IL, 606...
$805,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 31, 2017
About this deal
AI
A six-unit apartment building located at 4146-68 West Cornelia Ave, Chicago, IL was sold for $805,000. The property is situated in the Chicago market, and the total square footage is not specified.
Summary of transaction details:
- Property Type: Apartment Building
- Transaction Amount: $805,000.00
- Buyer: FCA
- Seller: FCA
- Buyer's Representative: Joe Scheck-Essex Realty Group
- Seller's Representative: Abe Elian-Essex Realty Group
- Additional Broker Involved: Steve Livaditis
The transaction involved FCA as both the buyer and seller, indicating a disposition of the property within their portfolio. Essex Realty Group facilitated the deal, representing both parties through their respective brokers, Joe Scheck, and Abe Elian.
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
19.71%
Cash-on-Cash
-5.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93