George Kokkonas Of 33 Realty Acquires Multifamily Property In Chicago For $1.165M At 2309 N Oakley Ave
2309 North Oakley Avenue, Chicago, Illinois 60647, United States
$1,165,000
$388/SF
Building Size
3,000 SF
Asset Type
MultiFamily
Closing
Feb 21, 2022
AI
The multifamily property located at 2309 N Oakley Ave in Chicago has been sold. The transaction took place on 02/22/2022 and was facilitated by George Kokkonas from 33 Realty, representing the buyer, and Karen Biazar from North Clybourn Group, Inc, representing the seller.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $1,165,000
- Units: 4
- Price per Unit: $291,250
- Lot Size: 3,000 sqft
- Price per Square Foot: $388
The property consists of 4 units with a sale price of $1,165,000, resulting in a price per unit of $291,250. The lot size is 3,000 square feet, translating to a price per square foot of $388. George Kokkonas from 33 Realty represented the buyer in the deal, while Karen Biazar represented the seller.
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
13.62%
Cash-on-Cash
-3.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93