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Michael Kang & Tyrus Jenkins Of Coldwell Banker Represent Buyer In $1.4M Chicago Multifamily Sale

Property Image
SOLD
$1,400,000
Chris Gomes
Chloe Ifergan
+ 1

Illinois

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MultiFamily
Sold 09/11/2024
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Property Image
SOLD

Michael Kang & Tyrus Jenkins Of Coldwell Banker Represent Buyer In $1.4M Chicago Multifamily Sale

1045 West Dakin Street

See Similar Deals
MultiFamily
Sold 09/11/2024
Chris Gomes
Chloe Ifergan
+ 1
Contact now

Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

A three-flat greystone located at 1045 West Dakin Street in Chicago's Wrigleyville has been sold for $1.4 million. The property consists of a spacious 4-bedroom unit along with two 2-bedroom units, designed with high ceilings and updated interiors. Each unit features private outdoor decks, making it a reliable turnkey investment opportunity, currently achieving full occupancy.

Summary of transation details:

The transaction involved significant representation from Coldwell Banker, with Michael Kang and Tyrus Jenkins acting on behalf of the buyer. The seller was represented by Chloe Ifergan and Chris Gomes from Jameson Sotheby's International Realty, showcasing a collaboration between two reputable real estate agencies in the deal.

Players

Michael Kang
2 deals$2.9M volume
BROKER

Chris Gomes
Sotheby's International Realty
2 deals$2.8M volume(641) 781-9151
BROKER

Chloe Ifergan
Sotheby's International Realty
1 deal$1.4M volume(312) 636-4994
BROKER

Tyrus Jenkins
Coldwell Banker
1 deal$1.4M volume(773) 559-4548
BROKER

Details

SOLD
IMAGE: Chris Gomes, Chloe Ifergan, Tyrus Jenkins & Michael Kang DATE: 09/11/2024 ADDRESS: 1045 West Dakin Street MARKET: Chicago ASSET TYPE: Multifamily BUYER'S REP: Michael Kang & Tyrus Jenkins (@RealtorTJ38) - Coldwell Banker (@ColdwellBanker) SELLER'S REP: Chloe Ifergan (@CIfergan) & Chris Gomes (@Chris.Gomes) - Jameson Sotheby's International Realty (@JamesOnSIR) SALE PRICE: $1,400,000 NOTE: A three-flat greystone at 1045 West Dakin Street in Chicago’s Wrigleyville sold for $1.4 million, represented by Coldwell Banker and Sotheby's. The property features a spacious 4-bedroom unit and two 2-bedroom units, each with high ceilings, updated interiors, and private outdoor decks, offering a reliable turnkey investment opportunity with full occupancy.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$74,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,973.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,636.71
Annual Debt Service$79,640.57