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2102 North Damen Avenue

Base 3 Development Acquires Multifamily Property In Chicago's Bucktown Neighborhood
SOLDMultiFamily

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

Brad Feldman

Interra Realty

Broker

$280.5M

vol

37 deals

Broker
Gabriel Horstick

Gabriel Horstick

Base 3 Development

Buyer

$19M

vol

7 deals

Buyer
MR
Marc RealtySeller

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