Marcus & Millichap Sells 70-Unit Multifamily Apartment Complex In Darien Illinois
2305 Sokol Court
Building Size
—
Asset Type
MultiFamily
Closing
Mar 3, 2025
AI
The Jade Residences of Waterfall Glen is a newly built apartment complex located at 2305 Sokol Court, Darien, Illinois, featuring 70 multifamily units. The property is designed with one- and two-bedroom units and includes amenities such as a fitness center and dog park.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Units: 70
- Address: 2305 Sokol Court
- Market: Darien
- Brokers: Andrean Angelov, Kyle Stengle & Ryan Engle - Marcus & Millichap
Ryan Engle, Kyle Stengle, and Andrean Angelov represented the seller in this transaction, which involved two private investors. Marcus & Millichap facilitated the sale of the property.
Players
Darien 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93