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6212 N Claremont Avenue, Chicago, IL 60659
$765,000
6212 N Claremont Avenue, Chicago, IL 60659View this property at 6212 N Claremont Avenue, Chicago, IL 60659
6212 N Claremont AvenueChicagoIL60659
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Property Description
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 600 square foot space with its own Full Bathroom, 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.
Full Property Details
Full Property Details for 6212 N Claremont Ave
General
- Sold For: $765,000
- Taxes: $8,982 (2021)
- Status: Closed
- Type: Multi-Family
- MLS ID: 11785356
- Added to Site: 366 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 8
Bedrooms
- Total Bedrooms: 10
Additional Information
- Other Features: Commuter Bus, Commuter Train
Parking
- Garage: Yes
- Garage Ownership: Owned
- Garage Spaces: 2
- Number of Cars: 2
- Parking Type: Garage
Location
- Area: CHI - West Ridge
- County: Cook
- Driving Directions: Western Ave. east to Claremont Ave. via Granville Ave.
School Information
- School District: 299
- Midd School District: 299
Heating & Cooling
- Heating Type: Forced Air
Utilities
- Water: Lake Michigan
Structural Information
- Exterior Const.: Brick
- Basement Desc.: Walk-Out
- Foundation: Concrete Perimeter
- Year Built: 1924
- Built Before 1978: Yes
- Remodeled/Updated: 2022
Unit Information
- Units in Building: 4
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 126 x 33
Financial Considerations
- Assessment Year: 1924
- Tax Amount: $8,982
- Tax Year: 2021
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 14061050270000
Listed by Keller Williams ONEChicago
Sold by Compass
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Schools
Schools serving 6212 N Claremont Ave
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
1518 W Granville Ave, Chicago, IL 60660 | PK-8 | 1 mi | |
5900 N Glenwood Ave, Chicago, IL 60660 | 9-12 | 1.2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 6212 N Claremont Ave
Date
Details
Price
Change
Source
9/21/2023
Sold
$765,000
-3.04%
MLS
5/17/2023
Listed
$789,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
6212 N Claremont Avenue, Chicago, IL 60659 (MLS# 11785356) is a Multi-Family property that was sold at $765,000 on September 21, 2023. Want to learn more about 6212 N Claremont Avenue? Do you have questions about finding other Multi-Family real estate for sale in West Ridge? You can browse all West Ridge real estate or contact a Coldwell Banker agent to request more information.