Base 3 Development Acquires Multifamily Property In Chicago's Bucktown Neighborhood
2102 North Damen Avenue
$1,250,000
Building Size
—
Asset Type
MultiFamily
Closing
Nov 9, 2023
AI
An apartment building located at 2102 North Damen Avenue in Chicago's Bucktown neighborhood has been sold for $1.25 million. The six-unit property achieved a price of $208,333 per unit. The building offers a prime location near The 606 trail and popular amenities.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,250,000
- Units: 6
- Price Per Unit: $208,333
The buyer, Base 3 Development, was represented by Gabe Horstick. The seller, Marc Realty, was represented by Alan Raphaeli. Interra Realty facilitated the transaction, with Brad Feldman and Harrison Pinkus acting as the brokers.
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
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93