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Chicago & Midwest  + North Side  + Apartments  | 

Essex Realty’s Feo and Ofman Market West Ridge Multifamily 

Essex Realty Group has listed 6118 N. Claremont Ave., a seven-unit multifamily property in Chicago’s West Ridge neighborhood, for $1,450,000. Directors Matt Feo and Rick Ofman have the assignment. 

Renovated in 2011, the building includes stainless steel appliances, granite counters, hardwood floors, individual HVAC, in-unit laundry, and walk-in closets. The current owner also completed several capital improvements in 2021. 

“West Ridge has traditionally been a neighborhood that multifamily investors seek for its stability through market cycles; however, housing providers in the area who invested significant capital in their buildings in the last decade have proven there is demand for units with higher-end finishes,” said Ofman. 

An opportunity exists for a new owner to acquire a stabilized asset in a strong rental market, says Essex Realty. There is also potential to add value by duplexing-down or adding an accessory dwelling unit (ADU) in the basement per the city’s ADU Ordinance. 


Inside The Story

Essex Realty Group

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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