Dream Town Realty Sells 2-Unit Multifamily Property In Chicago For $1.11M
3423 N Oakley Ave, Chicago, IL, USA
$1,110,000
$437/SF
Building Size
2,540 SF
Asset Type
MultiFamily
Closing
May 2, 2021
AI
The multifamily property located at 3423 N Oakley Ave in Chicago has been sold for a price of $1,110,000. The sale took place on 05/03/2021 and the property consists of 2 units. The price per unit was $555,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,110,000
- Address: 3423 N Oakley Ave, Chicago
- Units: 2
- Price Per Unit: $555,000
The buyer's representative in this transaction was Sarita Scherpereel from Kale Realty, while the seller's representative was Craig Franzen from Dream Town Realty.
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
14.29%
Cash-on-Cash
-4.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93