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
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.
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