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

Key Details

Sale Price
$6,500,000
Number of Units
Twenty-Eight (28)
Submarket
West Rogers Park