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2221 West Oakdale Avenue

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

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

Adam Thomas

SVN

Broker

$74.6M

vol

5 deals

Broker
SVN | Chicago Commercial
SVN | Chicago CommercialBrokerage

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