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Essex Realty Group Facilitates $1.88M Sale Of Multifamily Property In Harwood Heights, IL

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SOLD
$1,880,000

Illinois

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MultiFamily10,500 SF
Sold 10/21/2022
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Property Image
SOLD

Essex Realty Group Facilitates $1.88M Sale Of Multifamily Property In Harwood Heights, IL

4747 Ronald Street

See Similar Deals
MultiFamily10,500 SF
Sold 10/21/2022
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Summary

ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$179
Total Square Footage:10,500 SF
Transaction Type:Sale

The multifamily property located at 4747 N Ronald St in Harwood Heights, IL has been sold in a smooth transaction. The property consists of 12 units with a total square footage of 10,500. The sale price for this transaction was $1,880,000, resulting in a price per unit of $156,667 and a price per square foot of $179.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,880,000
  • Units: 12
  • Price per Unit: $156,667
  • Square Footage: 10,500
  • Price per Square Foot: $179
  • Address: 4747 N Ronald St, Harwood Heights, IL
  • Market: Harwood Heights, IL

The successful transaction was facilitated by brokers Derek Kaptanoglu and Matt Feo from Essex Realty Group. Kaptanoglu represented the seller, while Feo represented the buyer, a local investor. The property received multiple offers and ultimately sold for a price higher than the list price. Congratulations to all parties involved in this transaction! For more information about other properties available in the suburban inventory, please contact Essex Realty Group, Inc.

Players

Matt Feo
49 deals$245.4M volume
BROKER

Derek Kaptanoglu
Compass
24 deals$79.3M volume(858) 221-9649
BROKER

Details

SOLD
IMAGE: Matt Feo & Derek Kaptanoglu DATE: 10/21/2022 ADDRESS: 4747 N Ronald St MARKET: Harwood Heights, IL ASSET TYPE: Multifamily BROKERS: Derek Kaptanoglu & Matt Feo (@Matt_Feo_Multifamily) - Essex Realty Group SALE PRICE: $1,880,000 UNITS: 12 ~ PPU: $156,667 SF: 10,500 ~ PPSF: $179 NOTE FROM BROKERS: Congratulations to Essex Realty Group, Inc. (@essexrealtygroupinc) Directors Derek Kaptanoglu and Matt Feo (@matt_feo_multifamily) on this smooth transaction! Kaptanoglu represented the seller while Feo represented the buyer, a local investor. The property went under contract in less than 14 days, and sold for $1,880,000. After several offers, the property ultimately sold for higher than the list price. Congratulations to all involved in this transaction! Please contact Essex (@essexrealtygroupinc) with any questions about this sale, or to learn more about their suburban inventory.

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