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675 Lake Street

Gregory A. Fowler Of FPA Multifamily Acquires Oak Park City Apartments For $23M
SOLDMultiFamily

Gregory A. Fowler Of FPA Multifamily Acquires Oak Park City Apartments For $23M

675 Lake Street

$23,000,000

Building Size

Asset Type

MultiFamily

Closing

Apr 3, 2026

AI

The property asset involved in the transaction is the Oak Park City Apartments complex located at 675 Lake Street, Oak Park, Illinois. The asset type is multifamily and was acquired for $23 million.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $23,000,000
  • Buyer: Gregory A. Fowler
  • Buyer's Company: FPA Multifamily
  • Market: Oak Park

Gregory A. Fowler represents FPA Multifamily in this acquisition, securing ownership of the property situated directly west of Chicago. The deal reflects FPA Multifamily's investment strategy in the Oak Park market.

Players

Gregory A. Fowler

FPA Multifamily

Buyer

$490.5M

vol

6 deals

Buyer

Oak Park 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

0.69%

Cash-on-Cash

-0.20%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93