Michael Kang & Tyrus Jenkins Of Coldwell Banker Represent Buyer In $1.4M Chicago Multifamily Sale
1045 West Dakin Street
$1,400,000
Building Size
—
Asset Type
MultiFamily
Closing
Sep 11, 2024
AI
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:
- Property Type: Multifamily
- Transaction Amount: $1,400,000
- Address: 1045 West Dakin Street
- Market: Chicago
- Buyer's Representative: Michael Kang & Tyrus Jenkins - Coldwell Banker
- Seller's Representative: Chloe Ifergan & Chris Gomes - Jameson Sotheby's International Realty
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
Chicago 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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93