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    5015 N Damen Ave Chicago, IL 60625

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    For Sale
    $1,999,000

    Classic Chicago brick 7-unit building in Ravenswood neighborhood.

    Property Features for 5015 N Damen Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    1916

    Source: COLDWELL BANKER REALTY Agent SAM ELDDINE

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Ravenswood Multifamily Investment Opportunity

    This classic Chicago brick building is located in the Ravenswood neighborhood. It features six units, each with 2 bedrooms and 1 bath, and a seventh garden apartment unit with 1 bedroom and 1 bath with a remodeled bathroom. The units have hardwood floors throughout, large living rooms, and dining rooms. An enclosed porch and a backyard provide space for summer enjoyment. The full basement includes a storage area. A 4-car garage offers potential rental income. The building is fully rented to long-time tenants. A park is located across the street, and free street parking is available, with public parking also nearby. The property is well-kept.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6741984
    Latitude
    41.8025427

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    FAQs

    What type of property is this?
    Apartment building - Classic Chicago brick 7-unit building in Ravenswood neighborhood.
    Where is this apartment building located?
    The property is located at 5015 N Damen Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $1,999,000.
    What are key features of this property?
    This property features: - Fully rented 6+ unit building in Ravenswood.; - Large 2-bedroom, 1-bath units with hardwood floors.; - Income potential from low rents with room for increase.
    (773) 631-8300
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    5015 N Damen Ave Chicago, IL 60625
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5015 N Damen Ave Chicago, IL 60625
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