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1014 West Oakdale Avenue, C...

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

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

Colin Hebson

Dream Town Realty

Broker

$7.3M

vol

6 deals

Broker

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