FCA Acquires MultiFamily Property In Chicago For $4.1M
SOLD
$4,099,999
Illinois
See Similar DealsMultiFamily15,000 SF
Sold 06/27/2017
SOLD
FCA Acquires MultiFamily Property In Chicago For $4.1M
655 W Irving Park Rd, Chicago, IL, 60...
See Similar DealsMultiFamily15,000 SF
Sold 06/27/2017
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$273
Total Square Footage:15,000 SF
Transaction Type:Sale
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
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$218,666.61
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,566.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,436.09
Annual Debt Service$233,233.04
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