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Map
$888,136*
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Multifamily -
Off Market
6212 N CLAREMONT Avenue
Chicago, IL 60659
10 Beds
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
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
In Contract
House
4
Beds
3.5
Baths
2,400 ft²
$304/ft²
$729,999
Aug 10, 2023
-
$816/mo
Active
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 |
---|---|---|---|---|---|---|---|---|
11/21/2022
|
|
10 Bed
|
-
|
-
|
$850,000
10 Bed
-
|
-
-
|
-
|
Manuel Torrejon-Regalado
Keller Williams ONEChicago
|
Building Info
6212 North Claremont Avenue
6212 North Claremont Avenue, Chicago, IL 60659
- 1 Unit for Sale
About North Side
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