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845 North Damen Avenue, Chi...

Exp Realty's Matt Walton Acquires Multifamily Property On N Damen Ave, Chicago For $1.01M
SOLDMultiFamily

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

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

Matt Walton

Current Properties

Broker

$2.1M

vol

2 deals

Broker
EXP Realty
EXP RealtyBrokerage

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