Updated Dec 20, 2023
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
About this deal
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.
On the Map
$1,050,000
$344/SF
MultiFamily
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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