Updated Sep 5, 2024
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
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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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