Updated Sep 9, 2024
Exp Realty's Matt Walton Acquires Multifamily Property On N Damen Ave, Chicago For $1.01M
845 North Damen Avenue, Chicago, IL 60622
$1,012,500
$324/SF
Building Size
3,125 SF
Asset Type
MultiFamily
Closing
Dec 2, 2021
About this deal
AI
An multifamily property located at 845 N Damen Ave in Chicago has been sold for a price of $1,012,500. The property consists of 3 units with a price per unit of $337,500. The lot size is 3,125 square feet, resulting in a price per square foot of $324.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,012,500
- Units: 3
- Price Per Unit: $337,500
- Lot Size: 3,125 square feet
- Price Per Square Foot: $324
Matt Walton from Exp Realty represented the buyer in this transaction, while Bob Safranski from Bob Safranski Properties represented the seller.
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
15.67%
Cash-on-Cash
-4.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93