FCA Sells MultiFamily Property In Chicago For $15.3M
6110 N Winthrop Ave, Chicago, IL, 60...
$15,300,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 10, 2017
AI
The three-building, 109-unit multifamily portfolio in Rogers Park, located at 6100 North Winthrop, 6101 North Winthrop, and 6110 North Winthrop, was sold for $15,300,000. Kiser Group’s Lee Kiser, Michael Feldstein, and Luke Lesniewski, along with Stevens Haen represented both the buyer, FCA, and the seller, FCA, in this transaction.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $15,300,000.00
- Address: 6110 N Winthrop Ave, Chicago, IL
- Market: Chicago
- Buyer's Rep: Stevens Haen (Kiser Group)
- Seller's Rep: Lee Kiser (Kiser Group), Luke Lesniewski (Kiser Group), Michael Feldstein (Kiser Group)
Kiser Group's brokers, Lee Kiser, Michael Feldstein, Luke Lesniewski, and Stevens Haen, played pivotal roles in facilitating the $15.3M transaction of the multi-unit properties in Rogers Park. The collaboration between the buyer, FCA, and the seller, FCA, was smoothly orchestrated by these experienced representatives.
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
1.04%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93