Updated Dec 4, 2024
Multifamily Building In Oak Lawn Sold For $1.33 Million With Broker Robert Drafke
4525 West 95th Street
$1,330,000
Units
16
Asset Type
MultiFamily
Closing
Aug 21, 2024
About this deal
AI
An all-brick 16-unit multifamily building located at 4525 West 95th Street in Oak Lawn has been sold. The sale occurred at a price of $1.33 million, equating to $83,125 per unit. The property has undergone recent upgrades and is noted to have below-market rents, offering a value-add opportunity for potential increased income through platforms like Airbnb.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,330,000
- Units: 16
- Price Per Unit: $83,125
- Broker: Robert Drafke
- Broker Agency: Concentric Realty, Inc
- Market: Oak Lawn
The transaction involves Robert Drafke representing the seller through Concentric Realty, Inc. This sale reflects the ongoing activity in the multifamily property market within the Oak Lawn area.
Players
Oak Lawn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Robert Drafke to view all their deals.
Browse Oak Lawn multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.93%
Cash-on-Cash
-3.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93