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905 West Dakin Street, Chic...

Mark M Zipperer Acquires Multifamily Property In Chicago For $1.05M
SOLDMultiFamily

Mark M Zipperer Acquires Multifamily Property In Chicago For $1.05M

905 West Dakin Street, Chicago, Illinois 60613, United States

$1,050,000

$344/SF

Building Size

3,049 SF

Asset Type

MultiFamily

Closing

May 12, 2022

AI

The multifamily property located at 905 W Dakin St in Chicago has been sold for a price of $1,050,000. The property spans a lot size of 3,049 square feet with a price per square foot of $344. The sale was facilitated by Mark M Zipperer from RE/MAX Next, who acted as the buyer's representative, and Stephen Rachman from Marcus & Millichap, who represented the seller.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,050,000
  • Lot Size: 3,049 square feet
  • Price per Square Foot: $344
  • Address: 905 W Dakin St, Chicago
  • Market: Chicago

Mark M Zipperer from RE/MAX Next and Stephen Rachman from Marcus & Millichap played pivotal roles in this transaction as the buyer's and seller's representatives, respectively. Their expertise and negotiation skills contributed to the successful completion of the deal.

Players

Stephen Rachman

Marcus & Millichap

Broker

$32.5M

vol

10 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

15.11%

Cash-on-Cash

-4.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93