Jimmy Donahue Of Essex Realty Group Represents Sale Of Oak Lawn Multifamily For $1.25M
SOLD
$1,250,000
Illinois
See Similar DealsMultiFamily30,000 SF
Sold 12/17/2024
SOLD
Jimmy Donahue Of Essex Realty Group Represents Sale Of Oak Lawn Multifamily For $1.25M
9513 Kenneth Avenue & 9517 Tripp Avenue
See Similar DealsMultiFamily30,000 SF
Sold 12/17/2024
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$41
Total Square Footage:30,000 SF
Transaction Type:Sale
The transaction involved a multifamily asset located at 9513 Kenneth Avenue & 9517 Tripp Avenue in the Oak Lawn market. The sale price was $1,250,000, which corresponds to a per-unit price of $104,166 for the 12 units available in the property. The total square footage of the asset is 15,000, resulting in a price per square foot of $83.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,250,000
- Units: 12
- Square Footage: 15,000
- Price Per Unit: $104,166
- Price Per Square Foot: $83
- Broker: Jimmy Donahue - Essex Realty Group
- Date of Sale: 12/17/2024
Jimmy Donahue represented the transaction through Essex Realty Group, facilitating the sale process for the involved parties.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$66,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,440.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,925.64
Annual Debt Service$71,107.65
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