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
Oak Lawn 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
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93