FCA Acquires MultiFamily Property In Chicago For $4.1M
655 W Irving Park Rd, Chicago, IL, 60...
$4,099,999
$273/SF
Building Size
15,000 SF
Asset Type
MultiFamily
Closing
Jun 27, 2017
AI
A 15,000 square foot multi-tenant commercial condo property located at 655 West Irving Park Road in Chicago, IL was sold for $4,099,999.00 on June 27, 2017. The sale was facilitated by Lee Ffrench and Wayne Caplan from SVN | Chicago Commercial, representing the seller in the transaction.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $4,099,999.00
- Address: 655 W Irving Park Rd, Chicago, IL
- Market: Chicago
- Seller's Rep: Lee Ffrench(SVN), Wayne Caplan(SVN)
- Buyer: FCA
FCA acquired the 15,000 square foot commercial property, with Lee Ffrench and Wayne Caplan serving as the seller's representatives from SVN | Chicago Commercial. The deal marks a significant transaction in the Chicago real estate market, showcasing a successful collaboration between the buyer and seller through their respective 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
3.87%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93