Property 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.
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