Updated Dec 4, 2024
Camille Canales Represents Buyer In $1.6M Sale Of Chicago Multifamily
1104 West Oakdale Avenue
$1,600,000
Units
4
Asset Type
MultiFamily
Closing
Jun 17, 2024
About this deal
AI
1104 West Oakdale Avenue, a 4-unit multifamily Greystone in Chicago's Lakeview, sold for $1.6 million. The property, featuring large, well-appointed units, is ideally located near public transit and the vibrant Southport Corridor.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $1,600,000
- Units: 4
- Price Per Unit: $400,000
- Address: 1104 West Oakdale Avenue
- Market: Chicago
- Buyer's Rep: Camille Canales - Compass
- Seller's Rep: Michael Masterson & Ryan Blake - Essex 312
The transaction involved Camille Canales from Compass representing the buyer, while Michael Masterson and Ryan Blake from Essex 312 represented the seller in the deal.
On the Map
$1,600,000
MultiFamily
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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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93