Updated Dec 21, 2023
Redfin Corporation Acquires Multifamily Property In Forest Park For $1.4M
938 Ferdinand Avenue, Forest Park, Illinois 60130, United States
$1,400,000
Building Size
—
Asset Type
MultiFamily
Closing
Apr 27, 2022
About this deal
AI
A multifamily property located at 938 Ferdinand Ave in Forest Park has been sold for $1,400,000. The sale was completed on 04/28/2022. The property, marketed as part of the Forest Park market, offers a great opportunity for investors looking for a multifamily asset.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,400,000
- Address: 938 Ferdinand Ave
- Market: Forest Park
Cayla Toney from Redfin Corporation represented the buyer in this transaction. Gerald Jacknow and Patrick Jacknow from Jerry Jacknow Inc. acted as the seller's representatives. The involvement of these individuals and companies ensured a smooth and successful completion of the sale.
Players
Forest 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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93