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Jake Hollinger Of GoldOller RealEstate Investments And Chase Chavin Of Intersection Realty Group Acquire Park Forest Multifamily For $23.2M

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SOLD
$23,200,000

Illinois

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MultiFamily
Sold 09/04/2025
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SOLD

Jake Hollinger Of GoldOller RealEstate Investments And Chase Chavin Of Intersection Realty Group Acquire Park Forest Multifamily For $23.2M

11 Fir Street

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MultiFamily
Sold 09/04/2025
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Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

The property asset involved in the transaction is a multifamily unit located at 11 Fir Street in the Park Forest market. The sale price for the property was $23,200,000, which encompasses a total of 220 units. The price per unit (PPU) stands at $105,455.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $23,200,000
  • Address: 11 Fir Street
  • Market: Park Forest
  • Units: 220
  • Price Per Unit: $105,455
  • Buyer: Jake Hollinger - GoldOller RealEstate Investments ; Chase Chavin - Intersection Realty Group
  • Seller: Kurt Bender - Bender Cos

The transaction involved significant participants seasoned in the real estate industry, including the buyers Jake Hollinger from GoldOller RealEstate Investments and Chase Chavin from Intersection Realty Group, as well as the seller, Kurt Bender from Bender Cos. This sale marked a successful exit for Bender Cos., realizing a 30% gain on the property's prior purchase price.

Players

BUYER


8 deals$347.1M volume
SELLER

Details

SOLD
IMAGE: Chase Chavin, Jake Hollinger & Kurt Bender DATE: 09/04/2025 ADDRESS: 11 Fir Street MARKET: Park Forest ASSET TYPE: Multifamily BUYER: Jake Hollinger - GoldOller RealEstate Investments (@GoldollerInvestments); Chase Chavin - Intersection Realty Group SELLER: Kurt Bender - Bender Cos SALE PRICE: $23,200,000 UNITS: 220 ~ PPU: $105,455 NOTE: Bender Cos. sold the 220-unit Central Park Apartments in Park Forest for $23.2M, realizing a 30% gain on its 2019 purchase price of $17.3M. The sale comes amid steady rent growth in suburban Chicago, where limited new development and high borrowing costs keep demand for rental properties strong.

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

$1,237,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$82,424.71
Cash-on-Cash Return-1.27%
Monthly Debt Service$109,979.84
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