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935 South Boulevard, Oak Pa...

Updated Dec 21, 2023

Interra Realty Sells Oak Park Multifamily Property For $4.2M
SOLDMultiFamily

Interra Realty Sells Oak Park Multifamily Property For $4.2M

935 South Boulevard, Oak Park, Illinois 60302, United States

$4,200,000

$149/SF

Building Size

28,175 SF

Asset Type

MultiFamily

Closing

Dec 14, 2021

About this deal

AI

Located at 935 South Blvd in Oak Park, this multifamily property recently sold in a transaction brokered by Paul Waterloo and Patrick Kennelly of Interra Realty. The sale took place on 12/15/2021 for a price of $4,200,000. The property consists of 31 units, with a price per unit of $135,484. The total square footage of the property is 28,175, resulting in a price per square foot of $149.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $4,200,000
  • Address: 935 South Blvd, Oak Park
  • Market: Oak Park
  • Brokers: Paul Waterloo & Patrick Kennelly - Interra Realty
  • Units: 31
  • Price per Unit: $135,484
  • Total Square Footage: 28,175
  • Price per Square Foot: $149

Paul Waterloo and Patrick Kennelly, of Interra Realty, played a key role in facilitating this transaction. Their expertise and negotiation skills contributed to the successful sale of the multifamily property at 935 South Blvd in Oak Park.

Players

Patrick Kennelly

Interra Realty

Broker

$332.7M

vol

53 deals

Broker

Oak Park MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $149 per square foot on a published $4.2M for 28,175 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.78%

Cash-on-Cash

-1.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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