Jamail Virani Of Level Capital Sells 70-Unit Multifamily Complex In Darien For $18.8M

The property asset involved in the transaction is a multifamily development located at 2305 Sokol Court in Darien, Illinois. The asset spans 2.7 acres and comprises 70 units. The total square footage of the development is 84,000, with a price per unit of $268,571 and a price per square foot of $223. The sale was finalized for $18,800,000 on February 18, 2025.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $18,800,000
• Address: 2305 Sokol Court
• Market: Darien
• Acres: 2.7
• Units: 70
• Square Footage: 84,000
• Price Per Unit: $268,571
• Price Per Square Foot: $223
• Seller: Jamail Virani - Level Capital
• Broker: Ryan Engle - Marcus & Millichap
• Year Built: 2024
• Year Sold: 2025

Jamail Virani of Level Capital sold the property and is also noted for acquiring the 2.7 acres to develop the 70-unit multifamily complex. The firm plans to raise investor capital for further multifamily developments in Illinois and Texas, reflecting their ongoing commitment to expanding in the real estate sector.