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9333 S Harlem Ave. Oak Lawn...

Updated Sep 9, 2024

Interra Realty Brokers $13.15M Sale Of Oak Lawn Multifamily Property On Harlem Ave
SOLDMultiFamily

Interra Realty Brokers $13.15M Sale Of Oak Lawn Multifamily Property On Harlem Ave

9333 S Harlem Ave. Oak Lawn, IL 60453, USA

$13,150,000

Units

84

Asset Type

MultiFamily

Closing

Jan 10, 2023

About this deal

AI

The multifamily property located at 9301-9333 S. Harlem Ave in Oak Lawn was recently sold for a price of $13,150,000. This property consists of 84 units, with each unit having a per-unit price of $156,545. The transaction took place on January 11, 2023.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $13,150,000
  • Address: 9301-9333 S. Harlem Ave
  • Market: Oak Lawn
  • Units: 84
  • Price per Unit: $156,545

The deal was facilitated by Joe Smazal, Patrick Kennelly, and Paul Waterloo from Interra Realty. They acted as the brokers representing the parties involved in the transaction.

Players

Joe Smazal

Interra Realty

Broker

$596.9M

vol

73 deals

Broker

Oak Lawn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $156.5K per unit across 84 units on a published $13.2M (2023).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.21%

Cash-on-Cash

-0.34%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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