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4219 North Oakley Avenue, C...

Ostvoll Family Acquires SFR In North Center, Chicago For $1.25M
SOLDSingle Family Residence

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

Danny Lewis

Baird & Warner

Broker

$7.1M

vol

6 deals

Broker

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