STAK Holdings Acquires Multi-Family Property In East Rogers Park For $1.83M

The property involved in this transaction is located at 6500 N Bosworth Ave in the East Rogers Park neighborhood of Chicago, IL. It is a multi-family asset consisting of 12 units with one-bedroom and two-bedroom layouts. The property is an attractive red brick parcel and offers spacious and bright layouts, with amenities including family rooms, separate formal dining rooms, and sunrooms. The buyer, STAK Holdings represented by Sam Trachtman, acquired the property for a sale price of $1,830,000. The sale reflects a 5.72% cap rate and a 10.42 gross rent multiplier (GRM). The property spans a total area of 15,180 square feet, resulting in a price per square foot (PPSF) of $120.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,830,000
• Address: 6500 N Bosworth Ave, East Rogers Park, Chicago, IL
• Market: East Rogers Park, Chicago, IL
• Square Feet: 15,180
• Price per Square Foot (PPSF): $120
• Buyer: STAK Holdings - Sam Trachtman

Essex Realty Group, Inc., a Chicago-based multifamily brokerage firm, facilitated the sale of the property. Jacob Goldstein and Steven Livaditis from Essex Realty Group represented the buyer and seller in the transaction. Within a span of less than 30 days, an extensive marketing campaign led by Essex Realty Group resulted in nearly two dozen property tours and multiple offers. The property eventually sold to a local investor, reflecting a strong demand in the market. Goldstein, who headed the sale, identified the potential for the new owner to increase rental income by bringing the current rents up to market rates and potentially adding additional bedrooms to some one-bedroom units. For any questions or inquiries about this sale or other properties in the Rogers Park inventory, you can contact Essex Realty Group, Inc.