facebook

traded

+ Submit
Home

/

Deals

/

Illinois

/

Mixed Use

/

Sale

/

109 N Oak Park Ave, Oak Par...

Andrean Angelov Of Marcus & Millichap Represents Buyer In Sale Of 109 N Oak Park Ave For $1.8M
SOLDMixed-use

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:

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

Andrean Angelov

Marcus & Millichap

Broker

$22.9M

vol

17 deals

Broker

Oak Park Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

Loading comparables…

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