Ivan Madera & Robert Sikkel Sell Multifamily Property In Chicago For $1.25M
2121 N Oakley Ave, Chicago, IL, USA
$1,250,000
$374/SF
Building Size
3,340 SF
Asset Type
MultiFamily
Closing
Nov 5, 2021
AI
A multifamily property located at 2121 N Oakley Ave in Chicago has been sold for a price of $1,250,000. The property spans 3,340 square feet, resulting in a price per square foot of $374. It sits on a lot measuring 4,800 square feet, with a price per lot square foot of $260.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,250,000
- Address: 2121 N Oakley Ave, Chicago
- Square Footage: 3,340
- Price per Square Foot: $374
- Lot Square Footage: 4,800
- Price per Lot Square Foot: $260
The buyer's representative in this transaction was Robert Sikkel Properties, while the seller's representative was Ivan Madera from Jameson Sotheby's International Realty.
Players
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
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93