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Essex Realty Group Acquires 13-Unit Multifamily Building In Englewood Chicago For $800,000

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SOLD
$800,000

Illinois

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Essex Realty Group Acquires 13-Unit Multifamily Building In Englewood Chicago For $800,000

6348 South Ada Street, Chicago, Illinois 60620, United States

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MultiFamily10,000 SF
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Summary

ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$80
Total Square Footage:10,000 SF
Transaction Type:Sale

Congratulations to Brian Mond and the south side team on the sale of 6348 S Ada St, a 13-unit multi-family building in Chicago's Englewood neighborhood. This property, located on a quiet residential block, is 100% occupied and spans 10,000 square feet. The sale price was $800,000, resulting in a price per unit of $61,538, and a price per square foot of $80.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $800,000
  • Units: 13
  • Price per Unit: $61,538
  • Size (SF): 10,000
  • Price per Square Foot: $80

The sale of 6348 S Ada St generated significant interest among local investors and was shown over a dozen times. The property's exceptional maintenance, combined with its prime location near Ogden Park, which offers various recreational activities, contributed to its appeal. For more information about this sale or other properties in the south side inventory, please contact Essex Realty Group, Inc.

Players

Brian Mond
23 deals$46.4M volume(312) 662-9590
BROKER

Details

SOLD
IMAGE: Brian Mond DATE: 10/17/2022 ADDRESS: 6348 S Ada St MARKET: Englewood, Chicago ASSET TYPE: Multifamily BROKER: Brian Mond (@Brian_Mond) - Essex Realty Group, Inc. (@EssexRealtyGroupInc) SALE PRICE: $800,000 UNITS: 13 ~ PPU: $61,538 SF: 10,000 ~ PPSF: $80 NOTE FROM BROKER: Congratulations to Brian Mond (@brian_mond) and the south side team on the sale of 8348-52 S. Ada Street! This is a 13 unit 100% occupied multifamily building in Chicago’s Englewood neighborhood. This property has been meticulously maintained and is nestled on a quiet residential block that sits right on Ogden Park which features playgrounds, tennis courts, a swimming pool, and other recreational activities. The property stirred up a great deal of interest among local investors and was shown over a dozen times. Please contact Essex (@essexrealtygroupinc) today with any questions regarding this sale, or if you are interested in learning more about their south side inventory.

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