Updated Apr 6, 2026
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
About this deal
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.
On the Map
$23,000,000
MultiFamily
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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