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1044 Willson Drive

Updated May 5, 2026

Ciby Mathew Daniel Purchases 1044 Willson Drive Multifamily Property From Shiraz Syed For $775,000
SOLDMultiFamily

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.

Players

Shiraz Syed

Seed Realty LLC

Broker

$775K

vol

1 deal

Broker
Shiraz Syed

Shiraz Syed

Seller

$775K

vol

1 deal

Seller

Des Plaines MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $221 per square foot on a published $775K for 3,500 square feet (2026).

Visit Seed Realty LLC to view all their deals.

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

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