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
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