Interra Realty brokered the $7.34 million sale of 1755 N. Damen Ave., a 13-unit mixed-use building adjacent to The 606 trail in Chicago’s Bucktown neighborhood.
The deal marks the highest sale price of any multifamily or mixed-use asset in the submarket in over two years, per CoStar data.
Interra Senior Managing Partner Joe Smazal and Director Mark Dykstra represented the buyer, Stocking Urban, LLC, led by Nicholas Stocking. Smazal and Dykstra also represented the confidential seller in the off-market deal. All residential units were fully occupied at the time of sale.
The property features three two-bedroom, five three-bedroom and two four-bedroom layouts. The luxury loft apartments include kitchens with Italian flat-panel cabinetry, quartz countertops and stainless steel appliances.
In addition to the residential units, the building includes three commercial spaces, two of which were occupied at the time of sale to a bridal shop and a health and wellness center. Stocking Urban plans to make light cosmetic updates to the commercial spaces and lease the one vacant storefront.
1755 N. Damen is steps from some of Bucktown and Wicker Park’s most popular retail, restaurant, nightlife and hospitality offerings surrounding the six-corner intersection of North, Damen and Milwaukee avenues. The area is served by the CTA’s Damen Blue Line station and several CTA bus routes, with easy access to the Kennedy Expressway.
