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2121 N Oakley Ave, Chicago,...

Ivan Madera & Robert Sikkel Sell Multifamily Property In Chicago For $1.25M
SOLDMultiFamily

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

Ivan Madera

Sotheby's International Realty

Broker

$17.3M

vol

4 deals

Broker
Fortune International Realty
Fortune International RealtyBrokerage

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