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1640 N Damen Ave 6 Unit Apartment Building $6,500,000 ($1,083,333/Unit) 6.51% Cap Rate Chicago, IL 60647
Investment Highlights
- 6 Apartments and One Commercial Space
- Corporate Guaranteed Lease through 2030
Executive Summary
1640 N Damen Ave offers a rare opportunity to acquire a premium mixed-use asset in the heart of Bucktown—one of Chicago’s most vibrant and in-demand neighborhoods. Positioned along Damen Avenue’s high-visibility corridor, the property benefits from strong pedestrian foot traffic, excellent retail synergy, and proximity to the CTA Blue Line, the 606 Trail, and top-tier local amenities.
Property Facts
| Price | $6,500,000 | Apartment Style | Low-Rise |
| Price Per Unit | $1,083,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 6.51% | Building Size | 9,222 SF |
| Gross Rent Multiplier | 12.04 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1930 |
| Property Subtype | Apartment | ||
| Zoning | B3-3 | ||
| Price | $6,500,000 |
| Price Per Unit | $1,083,333 |
| Sale Type | Investment |
| Cap Rate | 6.51% |
| Gross Rent Multiplier | 12.04 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 9,222 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1930 |
| Zoning | B3-3 |
Amenities
Unit Amenities
- Washer/Dryer
- Heating
- Granite Countertops
- Hardwood Floors
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | 668 - 930 |
| 2+1 | 3 | - | 930 - 1,208 |
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Walk Score®
Walker's Paradise (99)
Transit Score®
Excellent Transit (78)
Bike Score®
Biker's Paradise (94)
Property Taxes
| Parcel Number | 14-31-332-044-0000 | Improvements Assessment | $174,200 |
| Land Assessment | $20,000 | Total Assessment | $194,200 |
Property Taxes
Parcel Number
14-31-332-044-0000
Land Assessment
$20,000
Improvements Assessment
$174,200
Total Assessment
$194,200
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1640 N Damen Ave
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