Andrean Angelov Of Marcus & Millichap Represents Buyer In Sale Of 109 N Oak Park Ave For $1.8M
109 N Oak Park Ave, Oak Park, IL, 603...
$1,800,000
$166/SF
Building Size
10,800 SF
Asset Type
Mixed-use
Closing
Jun 4, 2019
AI
A mixed-use property located at 109 N Oak Park Avenue in Oak Park, Illinois, has been sold for $1,800,000. The property encompasses a total of 10,800 square feet and includes a mix of residential and retail spaces. This asset features four three-bedroom, one-bathroom residential units, each with in-unit laundry facilities, along with two distinct retail spaces. It is strategically positioned near the intersection of Oak Park Avenue and Lake Street, directly across from the Oak Park CTA green line station, and is within walking distance of various retail and dining amenities, approximately 10 miles west of downtown Chicago Loop.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,800,000.00
- Buyer: Unknown
- Seller: Unknown
- Buyer’s Representative: Andrean Angelov - Marcus & Millichap
- Seller’s Representatives: Andrean Angelov, Ryan D. Engle, Samuel M. Antreasian - Marcus & Millichap
- Market: Oak Park
The transaction was facilitated by Andrean Angelov, first vice president of investments, alongside Ryan D. Engle, senior vice president of investments, and Samuel M. Antreasian, an associate, all from Marcus & Millichap’s Chicago Oak Brook office. They exclusively marketed the property on behalf of the seller, ensuring strategic positioning in the competitive real estate market of Oak Park.
Players
Oak Park Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93