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1045 West Dakin Street

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

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:

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

Coldwell Banker

Broker

$2.9M

vol

2 deals

Broker

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