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Interra Realty Sells 12-Unit Multifamily Portfolio Near O'Hare Airport For $2.1M

Property Image
SOLD
$2,105,000
Paul Waterloo
Patrick (Pat) Kennelly
Jay Chandran
+ 1

Illinois

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MultiFamily
Sold 06/05/2024
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Property Image
SOLD

Interra Realty Sells 12-Unit Multifamily Portfolio Near O'Hare Airport For $2.1M

8622 West Berwyn Avenue & 5240 North Oakview Avenue

See Similar Deals
MultiFamily
Sold 06/05/2024
Paul Waterloo
Patrick (Pat) Kennelly
Jay Chandran
+ 1
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

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.

Players

Patrick (Pat) Kennelly
Interra Realty
Patrick Kennelly
52 deals$326.9M volume
BROKER
Paul Waterloo
Interra Realty
Paul Waterloo
52 deals$328M volume
BROKER
Jay Chandran
Jay C. Realty Inc.
Jay Chandran
3 deals$4.2M volume(847) 361-7653
BROKER
Nathan Zito
Interra Realty
Nathan Zito
12 deals$91.5M volume(312) 477-0192
BROKER

Details

SOLD
IMAGE: Jay Chandran, Nathan Zito, Paul Waterloo & Patrick Kennelly DATE: 06/05/2024 ADDRESS: 8622 West Berwyn Avenue & 5240 North Oakview Avenue MARKET: Chicago ASSET TYPE: Multifamily BUYER'S REP: Jay Chandran - Jay C. Realty Inc. SELLER'S REP: Nathan Zito, Patrick Kennelly (@PJK8877) & Paul Waterloo (@PWaterloo) - Interra Realty (@InterraRealty) SALE PRICE: $2,105,000 UNITS: 12 ~ PPU: $175,417 NOTE: Interra Realty facilitated the $2,105,000 sale of a 12-unit multifamily portfolio on the Northwest Side near O’Hare International Airport. The seller, represented by Interra's Patrick Kennelly, Paul Waterloo, and Nathan Zito, was a local partnership, while the buyer, also a local partnership, was represented by Jay Chandran of Jay C. Realty.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$112,266.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,478.61
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,978.77
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