Nicholas Stocking Drew Dillon Rene Hertsberg Of Stocking Urban Acquire 1755 North Damen Avenue For $7.34M

1755 North Damen Avenue is a mixed-use property located in the Chicago market, featuring a total of 21,890 square feet. The property comprises 10 residential units and 3 commercial units, sold for $7,340,000, making the price per unit $734,000 and the price per square foot $335. The building was originally a loft structure dating back to 1910 and underwent extensive rehabilitation to reach condo-quality standards in 2014.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $7,340,000
• Buyer: Nicholas Stocking, Drew Dillon & Rene Hertsberg - Stocking Urban
• Seller: CA Ventures
• Seller's Representatives: Joe Smazal & Mark Dykstra - Interra Realty
• Units: 10
• Square Footage: 21,890
• Price Per Unit: $734,000
• Price Per Square Foot: $335

Stocking Urban has acquired the property at a 33% discount from the seller's purchase price in 2015. The building is located adjacent to the 606 Trail, providing access to a significant recreational park and greenway, enhancing the living experience in the Bucktown neighborhood. The residential units feature 11-foot ceilings, exposed brick and timber elements, and modern bathrooms and kitchens.