Matt Halper & Danny Mantis Acquire 18-Unit Multifamily In Oak Park, IL For $2.7M
720 Washington Boulevard, Oak Park, Illinois, USA
$2,675,000
$3,821/SF
Building Size
700 SF
Asset Type
MultiFamily
Closing
Jun 1, 2020
AI
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.
Players
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
5.93%
Cash-on-Cash
-1.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93