Updated Dec 4, 2024
Interra Realty Sells 12-Unit Multifamily Portfolio Near O'Hare Airport For $2.1M
8622 West Berwyn Avenue & 5240 North Oakview Avenue
$2,105,000
Units
12
Asset Type
MultiFamily
Closing
Jun 5, 2024
About this deal
AI
The $2,105,000 sale involved a 12-unit multifamily portfolio located at 8622 West Berwyn Avenue & 5240 North Oakview Avenue in Chicago near O’Hare International Airport.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,105,000
- Units: 12
- Price Per Unit: $175,417
- Address: 8622 West Berwyn Avenue & 5240 North Oakview Avenue
- Market: Chicago
The buyer's representative in this deal was Jay Chandran from Jay C. Realty Inc., while the seller was represented by Nathan Zito, Patrick Kennelly, and Paul Waterloo from Interra Realty. The seller was a local partnership, and the buyer, also a local partnership, was represented by Jay Chandran.
On the Map
$2,105,000
MultiFamily
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Players
Chicago 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
7.54%
Cash-on-Cash
-2.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93