Dream Town Realty Acquires Multifamily Property In Chicago For $1.09M
1014 West Oakdale Avenue, Chicago, Illinois 60657, United States
$1,090,000
$363/SF
Building Size
3,000 SF
Asset Type
MultiFamily
Closing
Apr 5, 2022
AI
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
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.55%
Cash-on-Cash
-4.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93