Updated Sep 9, 2024
McKinley Park Multifamily Sells For $1.4M With Buyer's Rep Kevin Rocio Properties
3527 South Damen Avenue
$1,437,500
Building Size
—
Asset Type
MultiFamily
Closing
Jul 27, 2022
About this deal
AI
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.
On the Map
$1,437,500
MultiFamily
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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
11.04%
Cash-on-Cash
-3.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93