Andrean Angelov Of Marcus & Millichap Represents Buyer In Sale At 15800 Central Ave Oak Forest
15800 Central Ave, Oak Forest, IL, 60...
Building Size
—
Asset Type
MultiFamily
Closing
Apr 29, 2019
AI
The property asset involved in this transaction is a 16-unit apartment complex located at 15800 Central Ave, Oak Forest, IL. The property comprises eight one-bedroom/one-bathroom units and eight two-bedroom/one-bathroom units. It features newer windows and hot water heaters, and the units have been recently remodeled, including updated kitchens, bathrooms, and flooring. Ample off-street parking and on-site laundry facilities are also available, with public transportation nearby, including the Oak Forest Metra station one mile east and Pace bus stops just a block south of the building.
Summary of transaction details:
- Property Type: Apartment
- Transaction Amount: Unknown
- Location: 15800 Central Ave, Oak Forest, IL
- Market: Oak Forest
- Buyer's Representative: Andrean Angelov (Marcus & Millichap)
- Buyer's Identity: Unknown
- Seller's Identity: Unknown
Marcus & Millichap's team, including Andrean Angelov as first vice president investments and Ryan D. Engle as senior vice president investments, exclusively marketed the property on behalf of the seller and represented the buyer in the transaction. The deal was overseen by Steven D. Weinstock, the regional manager of the firm’s Chicago Oak Brook office.
Players
Oak Forest 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93