Essex Realty Group, Inc. is pleased to announce the sale of 7381 N. Damen Ave., a 32-unit courtyard apartment building located on the corner of Damen and Fargo Avenues in Chicago’s Northside neighborhood of Rogers Park.
The property consists of 32 apartments plus 2 non-conforming units. The building is comprised of one (1) one bedroom/one bathroom unit, twenty-six (26) two bedroom/one bath units, four (4) three bedroom/one bath units, and three (3) three bedroom/two bath units. The units predominantly feature white or stainless steel appliances, laminate countertops, hardwood floors, and radiator heat.
7381 N. Damen Ave. is located on a peaceful tree lined street 0.1 miles away from Pottawatomie Park. The property is in close proximity to local restaurants, boutiques, conveniently located bus stops, and within 0.7 miles of the Howard CTA station and 0.4 miles of Jewel-Osco.
- Part of a Reverse 1031 Exchange
- Buyer Planning Substantial Renovations
- Sold CAP Rate: 6.76%
- Sold GRM: 7.81
- Sold PPU: $125,000
- Essex's 4th Time Selling this Property