Zev Salomon Of ZSD Corp Acquires Land At 2221 West Oakdale Avenue For $6 Million
2221 West Oakdale Avenue
$6,000,000
$75/SF
Building Size
80,000 SF
Asset Type
Land
Closing
Aug 1, 2025
AI
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
Chicago Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93