Updated Oct 29, 2024
Russell Ainsworth & Rachel Watson Acquire E.E. Roberts' Oak Park Home For $1.3M
1019 Superior Street Oak Park, Illinois 60302, USA
$1,300,000
$312/SF
Building Size
4,161 SF
Asset Type
Single Family Residence
Closing
Aug 31, 2023
About this deal
AI
The former home and studio of Oak Park architect E.E. Roberts, redesigned in the Prairie style, has been sold in a recent transaction. Located at 1019 Superior Street in Oak Park, the single-family residence spans across 4,161 square feet. The sale price for this historical property amounted to $1,300,000, with a price per square foot of $312. The transaction exceeded the asking price by 8.4%.
Summary of transaction details
- Property Type: Single-Family Residence
- Transaction Amount: $1,300,000
- Square Footage: 4,161
- Address: 1019 Superior Street
- Market: Oak Park
Russell Ainsworth and Rachel Watson, both residents of Oak Park, are the buyers of this historical property. They have expressed their intention to preserve the architectural significance of the property, highlighting the community's appreciation for the Prairie style. Cathy Yanda, a representative from Baird & Warner, assisted Russell Ainsworth and Rachel Watson in the purchasing process. On the seller's side, Laura Maychruk, from Laura Maychruk Real Estate, represented John and Camaro Powers.
Players
Oak Park Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93