Essex Realty Group Sells 24-Unit Multifamily Property In Rogers Park, Chicago For $4M

A 24-unit courtyard building located at 6517 N Newgard Ave in Rogers Park, Chicago, IL, has recently been sold for a total of $4,000,000. The property, listed by Rick Ofman, Doug Imber, and Kate Varde of Essex Realty Group, Inc., was on the market for only 14 days before going under contract. The sale price of $4,000,000 translates to a per unit price of $166,667. The total square footage of the building is 17,400, resulting in a price per square foot of $230.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $4,000,000
• Units: 24
• Price per Unit: $166,667
• Square Footage: 17,400
• Price per Square Foot: $230
• Market: Rogers Park, Chicago, IL

Congratulations to Essex Realty Group, Inc. on the successful sale of the property. In addition to listing the property, Rick Ofman, Doug Imber, and Kate Varde also represented the buyer, a local investor. For any further inquiries, please contact Essex Realty Group, Inc.