Icarus Investment Group Acquires Multifamily Asset At 6044 46 S. Fairfield In Chicago For $21.5M
SOLD
$21,500,000
Illinois
See Similar DealsMultiFamily5,773,000 SF
Sold 06/13/2018
SOLD
Icarus Investment Group Acquires Multifamily Asset At 6044 46 S. Fairfield In Chicago For $21.5M
6044 46 S. Fairfield, 6056 58 S. Fairfield, 2723 25 W. 60th St, 6001 05 S. Richmond, 6001 05 S. Whipple, 6000 02 S. Whipple, 5954 56 S. Sacramento, 6000 04 S. Albany, 6000 04 S. Troy, 6101 03 S. Kedzie, 6237 45 S. Kedzie, 6102 04 S. Sacramento, 6101 03 S. Whipple, 6343 47 S. Kedzie, 6349 53 S. Kedzie, 6355 59 S. Kedzie, 6401 05 S. Kedzie, 6407 09 S. Kedzie, 6400 02 S. Troy, 2651 57 W. 64th St., 3014 16 W. 63rd St, 3108 10 W. 63rd St & 7732 36 S. Kedzie
See Similar DealsMultiFamily5,773,000 SF
Sold 06/13/2018
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$3
Total Square Footage:5,773,000 SF
Transaction Type:Sale
The property asset involved in the transaction is a MultiFamily building located at 6044 46 S. Fairfield in the Chicago market. It was sold for $21,500,000.00 and encompasses a total area of 251,000 square feet.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $21,500,000.00
- Address: 6044 46 S. Fairfield
- Market: Chicago
- Square Footage: 251,000
- Buyer: Icarus Investment Group
- Broker: Steven Rapoport - CRER (Chicago Real Estate Resources)
Key individuals involved in the deal include the buyer, Icarus Investment Group, and the broker representing the transaction, Steven Rapoport from CRER (Chicago Real Estate Resources), who facilitated the process for the buyer.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,146,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$76,384.95
Cash-on-Cash Return-1.27%
Monthly Debt Service$101,920.97
Annual Debt Service$1,223,051.63
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