See Home Value
$888,136*
Multifamily - Off Market

6212 N CLAREMONT Avenue

Chicago, IL 60659
bedrooms
10 Beds
bathrooms
0 Bath
$765,000 - $935,000
Reference Base Price*
4.49%
Since Mar 1, 2023
National-US
Primary Model

About This Property

Pleased to present the opportunity to acquire, to both owner-user and/or investor, 6212 N Claremont Ave, Chicago, IL, 60659. This legal four-unit property, sits in the West Ridge neighborhood one block east of Western Avenue. Three of the four units, each 1,600 square feet, contain three-bedrooms and one-and-a-half bathrooms, plus, a separate, in-unit, 8'x17' foot den/office space with window to Western Ave., along with its own separate closet/storage space. All units contain their own forced-air HVAC system and mechanicals. There is an extra 530 square foot storage room for your needs, located on the first floor of the building, and a full masonry 2+ garage. Great concentration has been placed on the capital expense of the building to secure the longevity and rental income stream: Roof - 2019; Water Tanks - 2020; Furnaces - professionally serviced. Update/Rehab performed throughout, with latest work performed from  October, 2022 to February, 2023. Presently, all units are on a month-to-month lease structure to secure the goals/needs of the prospective buyer/s. One block from Western Ave., it is situated near a number of national brand stores, restaurants, and one block from the Western Ave. CTA bus stop. Via CoStar's North Chicago market study, vacancy has drastically decreased and Chicago's Effective Residential Rent Growth is that of 2.5% in one year, 12.7% in three years, and 18.9% growth in five years. The monthly average rent per square foot in the North Chicago Market, outside of 4-Star High-rise categories with plenty of amenities, ranges from $1.25 to $1.72 per square foot per unit with bedroom count/s. The monthly average rent for studios sits at an average of $2.10 per square foot; increasing to $2.30 per square foot the closer you head downtown. North Chicago's effective rent growth has returned to annual increases of 3%, much higher from the -0.10% seen during Covid/2020. There are now less than 1% of concessions provided to tenants thanks to the rental strength of the market, whereas occupancy now sits at above 95%, as less and less vacancy rates are seen due to less turnover losses. Schedule tours, and/or connect directly to answer any further questions.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Multifamily
Property Taxes
$749
HOA Dues
-
Year Built
1924

Price History

Date / Event Date Event Price
Sep 27, 2023 Sold to Vipulsinh Kanaksinh Vaghela $765,000
Sold to Vipulsinh Kanaksinh Vaghela
Feb 24, 2023 No longer available -
No longer available
Nov 21, 2022 Listed $850,000
Listed
May 18, 2007 Sold to Margarita Bustamante, Pablo... $645,000
Sold to Margarita Bustamante, Pablo...

Property Highlights

Garage


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Multifamily
10 Beds
-
-
$789,000 May 17, 2023
-
$749/mo
Multifamily
12 Beds
-
-
$849,500 Aug 25, 2023
-
$373/mo
Multifamily
8 Beds
-
-
$899,900 Jun 7, 2023
-
$1,106/mo
Multifamily
7 Beds
-
-
$750,000 Feb 26, 2023
-
$799/mo
House
4 Beds
3.5 Baths
2,400 ft²
$304/ft²
$729,999 Aug 10, 2023
-
$816/mo
Commercial
Loft
-
6,091 ft²
$120/ft²
$729,900 Jun 28, 2023
-
$956/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20221121
11/21/2022
10 Bed
-
-
$850,000
bedrooms
10 Bed
bathrooms
-
-
-
-
Manuel Torrejon-Regalado
Keller Williams ONEChicago

Building Info

6212 North Claremont Avenue 6212 North Claremont Avenue, Chicago, IL 60659
  • 1 Unit for Sale
More about this Building
6212 North Claremont Avenue
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About North Side


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