Updated Jan 7, 2026
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
$21,500,000
$3/SF
Building Size
251,000 SF
Asset Type
MultiFamily
Closing
Jun 13, 2018
About this deal
AI
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.
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
0.74%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93