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

6517 North Newgard Avenue
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This MultiFamily property located in IL was sold for $4,000,000 over 1 year ago. The brokers of the deal were Rick Ofman, Douglas (Doug) Imber, and Katherine (Kate) Varde

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.

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Deals
  • Location
    6517 North Newgard Avenue, Chicago, Illinois 60626, United States6517 North Newgard Avenue, Chicago, Illinois 60626, United States
  • Sale Price
    $4,000,000$4,000,000
    $229 PPSF$229 PPSF
  • Area
    17,400 SF17,400 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    3 Brokers, 1 Agency3 Brokers, 1 Agency

Agents

Rick Ofman

Rick Ofman

Deals19
Sold$72.5M

Agency

Essex Realty Group

Essex Realty Group

Agency
Deals380
Volume$1.6B

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Deal Summary

SALE IMAGE: Rick Ofman, Doug Imber & Kate Varde DATE: 10/07/2022 ADDRESS: 6517 N Newgard Ave MARKET: Rogers Park, Chicago, IL ASSET TYPE: Multifamily BROKERS: Rick Ofman, Doug Imber & Kate Varde - Essex Realty Group, Inc. (@EssexRealtyGroupInc) SALE PRICE: $4,000,000 UNITS: 24 ~ PPU: $166,667 SF: 17,400 ~ PPSF: $230 NOTE FROM BROKERS: Congratulations to Essex Realty Group, Inc. (@EssexRealtyGroupInc) on the sale of 6517-23 N. Newgard Ave, a 24-unit courtyard building located in Rogers Park. The property was put on the market by listing team Rick Ofman, Doug Imber & Kate Varde, and sold for $4,000,000. The property was on the market for only 14 days before going under contract. Imber & Varde also represented the buyer, a local investor. Congratulations to all involved in this transaction, please contact Essex with any further questions (@EssexRealtyGroupInc).

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6517 North Newgard Avenue

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