Updated May 5, 2026
Ciby Mathew Daniel Purchases 1044 Willson Drive Multifamily Property From Shiraz Syed For $775,000
1044 Willson Drive
$775,000
$221/SF
Building Size
3,500 SF
Asset Type
MultiFamily
Closing
Apr 23, 2026
About this deal
AI
The property asset involved in the transaction is a multifamily building located at 1044 Willson Drive in Des Plaines. The sale price for the asset was $775,000, which corresponds to a price per unit of $258,333 across its three units. The total square footage of the property is 3,500, resulting in a price per square foot of $221.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $775,000
- Units: 3
- Price Per Unit: $258,333
- Square Feet: 3,500
- Price Per Square Foot: $221
- Buyer: Ciby Mathew Daniel
- Seller: Shiraz Syed
- Seller's Representative: Shiraz Syed - Seed Realty LLC
- Seller's Attorney: Andrew Pearson - AJP Law Firm LLC
This transaction featured key individuals including the buyer, Ciby Mathew Daniel, and seller, Shiraz Syed, who also represented himself as the seller's broker through Seed Realty LLC. Legal representation for the seller was provided by Andrew Pearson from AJP Law Firm LLC, contributing to the execution of the deal.
Des Plaines 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
20.47%
Cash-on-Cash
-5.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93