Ivan Madera & Robert Sikkel Sell Multifamily Property In Chicago For $1.25M
SOLD
$1,250,000
Illinois
See Similar DealsMultiFamily3,340 SF
Sold 11/05/2021
SOLD
Ivan Madera & Robert Sikkel Sell Multifamily Property In Chicago For $1.25M
2121 N Oakley Ave, Chicago, IL, USA
See Similar DealsMultiFamily3,340 SF
Sold 11/05/2021
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$374
Total Square Footage:3,340 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$66,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,440.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,925.64
Annual Debt Service$71,107.65
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