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6110 N Winthrop Ave, Chicag...

FCA Sells MultiFamily Property In Chicago For $15.3M
SOLDMultiFamily

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:

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

Lee Kiser

Kiser Group

Broker

$186M

vol

13 deals

Broker
FCA
FCASeller

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