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9513 Kenneth Avenue

Jimmy Donahue Of Essex Realty Group Represents Sale Of Oak Lawn Multifamily For $1.25M
SOLDMultiFamily

Jimmy Donahue Of Essex Realty Group Represents Sale Of Oak Lawn Multifamily For $1.25M

9513 Kenneth Avenue & 9517 Tripp Avenue

$1,250,000

$41/SF

Building Size

30,000 SF

Asset Type

MultiFamily

Closing

Dec 17, 2024

AI

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.

Players

Jimmy Donahue

Essex Realty Group

Broker

$40.7M

vol

8 deals

Broker
Essex Realty Group
Essex Realty GroupBrokerage

Oak Lawn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.69%

Cash-on-Cash

-3.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93