Matt Halper & Danny Mantis Acquire 18-Unit Multifamily In Oak Park, IL For $2.7M
SOLD
$2,675,000
Illinois
See Similar DealsMultiFamily700 SF
Sold 06/01/2020
SOLD
Matt Halper & Danny Mantis Acquire 18-Unit Multifamily In Oak Park, IL For $2.7M
720 Washington Boulevard, Oak Park, Illinois, USA
See Similar DealsMultiFamily700 SF
Sold 06/01/2020
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$3,821
Total Square Footage:700 SF
Transaction Type:Sale
The multifamily property located at 720 Washington Blvd in Oak Park, IL was recently sold. The sale took place on 06/01/2021 and was facilitated by brokers Matt Halper and Danny Mantis. The property consists of 18 units, with a sale price of $2,675,000. This translates to a price per unit of $148,611.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $2,675,000
- Units: 18
- Price Per Unit: $148,611
The sale of this multifamily property serves as a successful transaction for all parties involved. The brokers, Matt Halper and Danny Mantis, played a crucial role in facilitating the deal, representing the buyers and/or sellers. Their expertise in the Oak Park, IL market contributed to the successful outcome of the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$142,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,503.71
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,680.86
Annual Debt Service$152,170.38
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