Optimus Realty Group Sells Multifamily Property In Belmont Cragin, Chicago For $570,000
2733 North Oak Park Avenue, Chicago, IL 60707
$570,000
$388/SF
Building Size
1,466 SF
Asset Type
MultiFamily
Closing
Jan 3, 2022
AI
An multifamily property located at 2733 N. Oak Park Ave in Belmont Cragin, Chicago has been sold for a price of $570,000. The property consists of 6 units, resulting in a per unit price of $95,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $570,000
- Address: 2733 N. Oak Park Ave
- Market: Belmont Cragin, Chicago
The seller of the property was Optimus Realty Group. The deal was facilitated by Jack Petrando from Kiser Group, serving as the broker for the transaction.
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
27.83%
Cash-on-Cash
-7.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93