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2309 North Oakley Avenue, C...

George Kokkonas Of 33 Realty Acquires Multifamily Property In Chicago For $1.165M At 2309 N Oakley Ave
SOLDMultiFamily

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

Karen Biazar

North Clybourn Group

Broker

$34.4M

vol

24 deals

Broker

Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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