Updated Dec 4, 2024
Stephanie Sadoff & Stephanie Pagone Facilitate $1.17M Sale Of Multifamily Property In Chicago
909 North Damen Avenue
$1,166,500
Units
4
Asset Type
MultiFamily
Closing
May 28, 2024
About this deal
AI
The 4-unit multifamily property located at 909 North Damen Avenue in Chicago's Wicker Park was sold for $1,166,500. Each unit within this property features 2 bedrooms and 1 or 2 baths, along with amenities such as central heat/air, individual water heaters, in-unit laundry, and a shared yard/patio space.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,166,500
- Units: 4
- Price Per Unit: $291,625
- Address: 909 North Damen Avenue
- Market: Chicago
Stephanie Sadoff of @properties Christie's International Real Estate represented the buyer in this transaction, while Stephanie Pagone of Compass served as the seller's representative.
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
13.60%
Cash-on-Cash
-3.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93