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Multifamily

6343 N Claremont Ave

6343 N Claremont Ave, Chicago, IL 60659

Listing Price: $925,000

Cap Rate
6.13%
Number of Units
6
GRM
10.41
Occupancy
97.0%
Price/Unit
$154,167
Price/Gross SF
$162.28
Gross SF
5,700

Investment Overview

Marcus & Millichap is pleased to present this multi-family real estate opportunity in the Rogers Park neighborhood of Chicago. The subject property of 6343 North Claremont Avenue is located 9.4 miles north of Chicago's Downtown Loop area, 1.5 miles west of Loyola University, 0.3 miles south of Warren Park, and 500 feet from the CTA's Devon and Oakley bus 155 stop. The unit mix for the subject property consists of one one-bedroom one-bathroom unit that measures 900 square feet and five two-bedroom one-bathroom units that measure 900-1,000 square feet respectively.

Rogers Park is one of the most economically and culturally diverse communities not only in Chicago, but in the entire United States. In fact, more than 80 languages are spoken in the neighborhood Located at the far northeast corner of the city, approximately eleven miles north of Chicago's central business district known as "The Loop," Rogers Park has convenient transportation to and from the city. The neighborhood includes four CTA "L" stops (Loyola, Morse, Jarvis, and Howard stops); one Metra stop (Lunt Avenue); five bus lines; and the Howard Bus and "L" terminal, which is the staging point for north suburban travel. In addition, Rogers park is one of the few Chicago neighborhoods that has direct public access to Lake Michigan. Unlike other Chicago lakefront neighborhoods, Rogers Park has 13 public street-end beaches and many buildings along Lake Michigan have their own private beaches.

An investor can take full advantage of this real estate opportunity by capitalizing on the prime location of this asset plus the ability to cash flow the property.

Investment Highlights

  • West Rogers Park Location
  • Some Recent Capital Improvements
  • On-Site Laundry, Parking, & Storage
  • Attractive Unit Mix With Rental Upside
  • Walking Distance to CTA Public Transportation

Exclusively Listed By

Listing Price: $925,000

Cap Rate
6.13%
Number of Units
6
GRM
10.41
Occupancy
97.0%
Price/Unit
$154,167
Price/Gross SF
$162.28
Gross SF
5,700

Investment Highlights

  • West Rogers Park Location
  • Some Recent Capital Improvements
  • On-Site Laundry, Parking, & Storage
  • Attractive Unit Mix With Rental Upside
  • Walking Distance to CTA Public Transportation

Investment Overview

Marcus & Millichap is pleased to present this multi-family real estate opportunity in the Rogers Park neighborhood of Chicago. The subject property of 6343 North Claremont Avenue is located 9.4 miles north of Chicago's Downtown Loop area, 1.5 miles west of Loyola University, 0.3 miles south of Warren Park, and 500 feet from the CTA's Devon and Oakley bus 155 stop. The unit mix for the subject property consists of one one-bedroom one-bathroom unit that measures 900 square feet and five two-bedroom one-bathroom units that measure 900-1,000 square feet respectively.

Rogers Park is one of the most economically and culturally diverse communities not only in Chicago, but in the entire United States. In fact, more than 80 languages are spoken in the neighborhood Located at the far northeast corner of the city, approximately eleven miles north of Chicago's central business district known as "The Loop," Rogers Park has convenient transportation to and from the city. The neighborhood includes four CTA "L" stops (Loyola, Morse, Jarvis, and Howard stops); one Metra stop (Lunt Avenue); five bus lines; and the Howard Bus and "L" terminal, which is the staging point for north suburban travel. In addition, Rogers park is one of the few Chicago neighborhoods that has direct public access to Lake Michigan. Unlike other Chicago lakefront neighborhoods, Rogers Park has 13 public street-end beaches and many buildings along Lake Michigan have their own private beaches.

An investor can take full advantage of this real estate opportunity by capitalizing on the prime location of this asset plus the ability to cash flow the property.

Exclusively Listed By

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