FCA Purchases Property From Hugo Ramones For $858,000 With Buyer’s Rep Brian DiBasilio
5005 W Diversey Ave, Chicago, IL, 60...
$858,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 17, 2017
AI
A nine-unit building located at 5005 W Diversey Ave, Chicago, IL, has been sold for $858,000. The transaction occurred in the Chicago market. The property has a total square footage of 0.
Summary of transaction details:
- Property Type: Multi-unit Residential
- Transaction Amount: $858,000.00
- Buyer: FCA
- Seller: Hugo Ramones
- Buyer's Representative: Brian DiBasilio (Triad Real Estate Partners)
- Seller's Representative: Adam Saxon (Interra Realty)
Interra Realty's Brad Feldman, Brian DiBasilio, and Adam Saxon represented both parties in this transaction. Additionally, there are previous transactions where Interra Realty was involved, including a 19-apartment building at 1506 West Fargo Ave that sold for $1.8 million, with the buyer being Sejad Cantic.
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
18.49%
Cash-on-Cash
-5.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93