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Dream Town Realty Acquires Multifamily Property In Chicago For $1.09M

Property Image
SOLD
$1,090,000
Meg Wood
Colin Hebson

Illinois

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MultiFamily3,000 SF
Sold 04/06/2022
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Property Image
SOLD

Dream Town Realty Acquires Multifamily Property In Chicago For $1.09M

1014 West Oakdale Avenue, Chicago, Illinois 60657, United States

See Similar Deals
MultiFamily3,000 SF
Sold 04/06/2022
Meg Wood
Colin Hebson
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$363
Total Square Footage:3,000 SF
Transaction Type:Sale

Located at 1014 W Oakdale Ave in Chicago, this multifamily property was recently sold. Colin Hebson of Dream Town Realty represented the buyer, while Meg Wood of Compass represented the seller in this transaction.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $1,090,000
  • Date: 04/06/2022
  • Square Footage: 3,000 SF
  • Price per Square Foot: $363
  • Lot Square Footage: 3,125 SF
  • Price per Lot Square Foot: $349

This successful sale marks a significant milestone for both parties involved. Colin Hebson, representing Dream Town Realty, effectively negotiated the deal on behalf of the buyer. Meg Wood, from Compass, played a crucial role in representing the seller and ensuring a smooth transaction. The property's location in the desirable market of Chicago further adds to its appeal.

Players

Colin Hebson
Dream Town Realty
Colin Hebson
6 deals$7.3M volume
BROKER
Meg Wood
Compass
Meg Wood
2 deals$2.1M volume(773) 273-9581
BROKER

Details

SOLD
IMAGE: Colin Hebsonc & Meg Wood DATE: 04/06/2022 ADDRESS: 1014 W Oakdale Ave MARKET: Chicago ASSET TYPE: Multifamily BUYER'S REP: Colin Hebson - Dream Town Realty SELLER'S REP: Meg Wood - Compass SALE PRICE: $1,090,000 SF: 3,000 ~ PPSF: $363 LOT SF: 3,125 ~ PPLSF: $349

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$58,133.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,872.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,167.16
Annual Debt Service$62,005.87