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McKinley Park Multifamily Sells For $1.4M With Buyer's Rep Kevin Rocio Properties

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SOLD
$1,437,500

Illinois

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MultiFamily
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SOLD

McKinley Park Multifamily Sells For $1.4M With Buyer's Rep Kevin Rocio Properties

3527 South Damen Avenue

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MultiFamily
Sold
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Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

The multifamily property located at 3527 S Damen Ave in McKinley Park, Chicago has been sold for a price of $1,437,500. The transaction took place on the 27th of July, 2022. The property is situated in a prime market area, making it an attractive investment opportunity.

Summary of transaction details:

  • Property Type: Multifamily
  • Sale Price: $1,437,500
  • Address: 3527 S Damen Ave
  • Market: McKinley Park, Chicago

The buyer's representative, Kevin Rocio Properties, and the seller's representative, Jeremy Morton from Interra Realty, played key roles in the successful completion of the deal. Their expertise and negotiation skills contributed to the smooth transaction process.

Players

Jeremy Morton
25 deals$85.4M volume
BROKER

Kevin Rocio
At Properties Commercial
13 deals$15.5M volume(312) 972-4381
BROKER

Details

SOLD
IMAGE: Jeremy Morton DATE: 07/27/2022 ADDRESS: 3527 S Damen Ave MARKET: McKinley Park, Chicago ASSET TYPE: Multifamily BUYER'S REP: Kevin Rocio - @Properties SELLER'S REP: Jeremy Morton (@JMorton22) - Interra Realty (@InterraRealty) SALE PRICE: $1,437,500

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,107.13
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,814.48
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