2.87 Acre Land Parcel Sold For $1.05 Million In Oak Brook With Broker James Kubal
3005 York Road
$1,050,000
Building Size
—
Asset Type
Land
Closing
Oct 11, 2024
About this deal
AI
A 2.87-acre land parcel at 3005 York Road in Oak Brook has been sold for $1,050,000. The property is zoned R-2 and offers access to sewer and water. It has the potential to be subdivided into two lots, and the existing house on the site is expected to be demolished.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $1,050,000
- Address: 3005 York Road
- Market: Oak Brook
- Acres: 2.87
- Broker: James Kubal - Team Realtors, Ltd
The transaction was overseen by broker James Kubal, representing the interests of the seller in this deal. The property presents opportunities for future development due to its zoning and potential for subdivision.
Players
Oak Brook Land Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93