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Zev Salomon Of ZSD Corp Acquires Land At 2221 West Oakdale Avenue For $6 Million

Property Image
SOLD
$6,000,000
Adam Thomas
Wayne Caplan

Illinois

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Land80,000 SF
Sold 08/01/2025
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Property Image
SOLD

Zev Salomon Of ZSD Corp Acquires Land At 2221 West Oakdale Avenue For $6 Million

2221 West Oakdale Avenue

See Similar Deals
Land80,000 SF
Sold 08/01/2025
Adam Thomas
Wayne Caplan
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:Land
Price Per Square Foot:$75
Total Square Footage:80,000 SF
Transaction Type:Sale

This transaction involves a land asset located at 2221 West Oakdale Avenue in Chicago, which comprises an area of 80,000 square feet. The land was acquired for a sale price of $6,000,000, translating to a price per square foot of $75.

Summary of transaction details:

  • Property Type: Land
  • Transaction Amount: $6,000,000
  • Address: 2221 West Oakdale Avenue
  • Market: Chicago
  • Square Footage: 80,000
  • Price Per Square Foot: $75
  • Buyer: Zev Salomon - ZSD Corp
  • Broker Representatives: Wayne Caplan & Adam Thomas - SVN Chicago Commercial

Zev Salomon of ZSD Corp. has plans to redevelop the site into a 35-unit row home community called RiverWard Row Homes. The transaction was facilitated by brokers Wayne Caplan and Adam Thomas from SVN Chicago Commercial, who represented the buyer in this deal.

Players

Adam Thomas
SVN
Adam Thomas
5 deals$74.6M volume
BROKER
Wayne Caplan
SVN
Wayne Caplan
13 deals$59.9M volume(312) 529-5791
BROKER
SVN | Chicago Commercial
SVN | Chicago Commercial
BROKERAGE

Details

SOLD
IMAGE: Wayne Caplan, Adam Thomas & Zev Salomon DATE: 08/01/2025 ADDRESS: 2221 West Oakdale Avenue MARKET: Chicago ASSET TYPE: Land BUYER: Zev Salomon (@ZSDCorp) - ZSD Corp BROKERS: Wayne Caplan (@WayneCaplan) & Adam Thomas (@AdamcThomas3) - SVN Chicago Commercial (@SVN_Chicago) SALE PRICE: $6,000,000 SF: 80,000 ~ PPSF: $75 NOTE: Zev Salomon of ZSD Corp. acquired an 80,000 SF riverfront site at 2221 W. Oakdale Ave. in Chicago’s Roscoe Village for just under $6M. The long-vacant parcel will be redeveloped into a 35-unit row home community called RiverWard Row Homes.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$21,316.74
Cash-on-Cash Return-1.27%
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