facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Illinois

/

Multifamily

/

Sale

/

6118 North Claremont Avenue

Updated Sep 5, 2024

Essex Realty Group Facilitates $1.4M Sale Of Multifamily Property On N Claremont Ave In West Ridge, Chicago
SOLDMultiFamily

Essex Realty Group Facilitates $1.4M Sale Of Multifamily Property On N Claremont Ave In West Ridge, Chicago

6118 North Claremont Avenue

$1,400,000

$142/SF

Building Size

9,800 SF

Asset Type

MultiFamily

Closing

Oct 21, 2022

About this deal

AI

The multifamily property located at 6118 N Claremont Ave in West Ridge, Chicago, IL, has been sold for a price of $1,400,000. This transaction was facilitated by brokers Matt Feo and Rick Ofman from Essex Realty Group, Inc. The property consists of 7 units with an average price per unit of $200,000. The total square footage of the property is 9,800 with a price per square foot of $143. Congratulations to Matt Feo and Rick Ofman for representing both the buyer and seller in this successful deal.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,400,000
  • Address: 6118 N Claremont Ave, West Ridge, Chicago, IL
  • Market: West Ridge, Chicago, IL
  • Number of Units: 7
  • Price per Unit: $200,000
  • Total Square Footage: 9,800
  • Price per Square Foot: $143

Essex Realty Group, Inc., represented by brokers Matt Feo and Rick Ofman, successfully facilitated this $1.4M deal. For any further inquiries regarding this transaction, please reach out to Essex Realty Group.

Players

Matt Feo

Essex Realty Group

Broker

$267.9M

vol

52 deals

Broker

Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Deal FAQ

About $142 per square foot on a published $1.4M for 9,800 square feet (2022).

Visit Rick Ofman to view all their deals.

Browse Chicago multifamily sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

11.33%

Cash-on-Cash

-3.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets