Ostvoll Family Acquires SFR In North Center, Chicago For $1.25M
4219 North Oakley Avenue, Chicago, Illinois 60618, United States
$1,250,000
$416/SF
Building Size
3,000 SF
Asset Type
Single Family Residence
Closing
Apr 28, 2022
AI
The property involved in this transaction is a single-family home located at 4219 N Oakley Ave, in the North Center neighborhood of Chicago. It was sold on 04/29/2022.
Summary of transaction details:
- Property Type: SFR (Single-Family Home)
- Transaction Amount: $1,250,000 ($1,100,000 asking price)
- Square Footage: 3,000
- Price Per Square Foot: $417
The buyer of the property is the Ostvoll Family, while the seller is the Zurek Family. The deal was facilitated by two brokers: Tommy Choi from Weinberg Choi Residential - Keller Williams ONEChicago, and Danny Lewis from The Lewis Real Estate Group - Dream Town Realty.
This was a highly competitive transaction, with multiple offers on the property. In the end, it was sold for $150,000 above the asking price, reaching a final sale price of $1,250,000.
Players
Chicago 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
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93