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3527 South Damen Avenue

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

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

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.

Players

Jeremy Morton

Interra Realty

Broker

$90.5M

vol

26 deals

Broker

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