Fairchild Acquisitions Acquires Multifamily Property In Chicago For $5.3M
5710 North Winthrop Avenue, Chicago, IL 60660
$5,300,000
$706/SF
Building Size
7,500 SF
Asset Type
MultiFamily
Closing
Oct 25, 2020
AI
The multifamily property located at 5710 North Winthrop Avenue in Chicago has been sold for a price of $5,300,000. The transaction took place on October 26, 2020. The property consists of 42 units, with a price per unit (PPU) of $126,190.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $5,300,000
- Units: 42
- PPU: $126,190
- Date: October 26, 2020
- Address: 5710 North Winthrop Avenue, Chicago
- Buyer: Fairchild Acquisitions, LLC - Sam Grossman
- Broker: Bill Cassin - Apartment Investment Advisers
The buyer, Fairchild Acquisitions, LLC, was represented by Sam Grossman. The broker involved in the deal was Bill Cassin from Apartment Investment Advisers.
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
2.99%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93