6435-6443 N Damen Ave - Apartments FOR SALE


Chicago, IL 60645- West Rogers Park
$6,500,000 USD
312-848-6682
6435-6443 N Damen Ave, Chicago, IL for Sale
$6,500,000 USD
Apartments - FOR SALE
1/19
null | 6.08% Cap Rate

6435-6443 N Damen Ave
Chicago, IL 60645
West Rogers Park


HIGHLIGHTS

  • All 2 & 3 Bedroom Layouts with 24/28 Having 2 Bathrooms
  • Average Unit Size is Over 1,000 SF
  • All Units Feature Private Outdoor Space
  • In-Unit Laundry and Tenant Paid, Individual HVAC
  • 26 Car Parking Lot in Rear of Property
  • 20% Rental Upside without Renovations

OVERVIEW

Interra Realty has been exclusively engaged to market 6435-43 N. Damen Avenue for sale. The subject investment property is a 28 unit, courtyard apartment building in the West Rogers Park Neighborhood. The property features a very attractive unit mix with all 2 & 3 bedroom units, 85% of which have two bathrooms. All apartments feature granite countertops, stainless steel appliances, updated kitchen cabinetry, modern bathrooms, individual HVAC, and in-unit laundry. Every unit has either a private balcony or a dedicated patio. Other property amenities include a 26 car parking lot and on-site storage lockers. Based on our market research, we believe there is approximately 20% rental upside without any improvements required. A new investor has the opportunity to acquire a well maintained and professionally managed asset, with strong cash on cash return potential.

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$186 USD /SF

# OF UNITS

28

PRICE/UNIT

$232,143

CAP RATE

6.08%

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1959

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.77 AC

LAND SF

33,663 SF

ZONING

RT-4

APN/PARCEL ID

11-31-401-074-0000

ASK ABOUT THIS PROPERTY

Joe SmazalInterra RealtyMore Info
312-848-6682

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Joe SmazalInterra RealtyMore Info
312-848-6682

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.