Updated Oct 29, 2024
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
About this deal
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.
On the Map
$5,300,000
$706/SF
MultiFamily
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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