Updated Dec 21, 2023
Rinee De Leon - Chicagoland Brokers, Inc. Acquires Multifamily Property On 1053 N Damen Ave, Chicago For $1.485M
1053 North Damen Avenue, Chicago, Illinois 60622, United States
$1,485,000
$475/SF
Building Size
3,125 SF
Asset Type
MultiFamily
Closing
May 3, 2022
About this deal
AI
A multifamily property located at 1053 N Damen Ave in Chicago was recently sold for $1,485,000. The property spans across 3,125 square feet, resulting in a price per square foot of $475.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,485,000
- Lot Size: 3,125 square feet
- Price Per Square Foot: $475
- Address: 1053 N Damen Ave, Chicago
The buyer's representative in this transaction was Rinee De Leon from Chicagoland Brokers, Inc. On the other hand, Lucas Blahnik represented the seller.
On the Map
$1,485,000
$475/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
10.68%
Cash-on-Cash
-3.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93