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Todd Bancroft Of Draper And Kramer Acquires Multifamily Asset From Willow Bridge For $88.5M

Property Image
SOLD
$88,500,000

Illinois

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MultiFamily
Sold 11/26/2025
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Property Image
SOLD

Todd Bancroft Of Draper And Kramer Acquires Multifamily Asset From Willow Bridge For $88.5M

1133 South Blvd

See Similar Deals
MultiFamily
Sold 11/26/2025
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

The transaction involved a multifamily asset located at 1133 South Blvd in Oak Park, featuring 263 units with a sale price of $88,500,000. This property was constructed in 2018 and spans 12 stories, offering a range of unit sizes from 512 to 1,500 square feet.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $88,500,000
  • Number of Units: 263
  • Price Per Unit: $336,502
  • Buyer: Todd Bancroft - Draper and Kramer
  • Seller: Willow Bridge
  • Broker: Newmark

Todd Bancroft represented Draper and Kramer in the acquisition of Eleven33 from Dallas-based developer Willow Bridge, with Newmark facilitating the transaction throughout the process.

Players

Newmark
Newmark
BROKERAGE
TB
Todd Bancroft
6 deals$263.2M volume
BUYER
DK
Draper and Kramer
BUYER

Details

SOLD
IMAGE: Todd Bancroft DATE: 11/26/2025 ADDRESS: 1133 South Blvd MARKET: Oak Park ASSET TYPE: Multifamily BUYER: Todd Bancroft - Draper and Kramer SELLER: Willow Bridge BROKER: Newmark (@Newmark) SALE PRICE: $88,500,000 UNITS: 263 ~ PPU: $336,502 NOTE: Draper & Kramer acquired Eleven33, a 263-unit Oak Park apartment building, for $88.5M, or $336,501 per unit, from Dallas-based developer Willow Bridge.Built in 2018, the 12-story property features studio to three-bedroom units ranging from 512 to 1,500 square feet, with Newmark brokering the transaction.

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

$4,720,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$314,421.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$419,535.15
Annual Debt Service$5,034,421.81