- List Price $1,250,000
- Price / Unit $250,000
- Property Type Multifamily
- Units 5
- Current Rents $99,180
- Pro Forma Rents $144,040
- In Place NOI $61,330
- Projected NOI $102,649
- Target CAP Rate 4.9%
- Market CAP Rate 4.5%
- Today's Market Value $1,360,000
- Value w/Market Rents $2,280,000
*Today’s Market Value & Value w/Market Rents is a theoretical value calculation derived by NOI and CAP rate. It does not take any other property factors into account.
- 13
- 5
- 6436
- 1911
- 100%
- 13
- 2
- Boiler Heat
- Central Air
13
5
6436
- 1911
- 100%
- 13
- 2
- Boiler Heat
- Boiler Heat
About the property
All brick, legal 5-unit building located in the highly sought after Andersonville neighborhood of Chicago. The property sits on an oversized Chicago lot allowing for larger than usual floor plans of the units. The property consists of two 3-bedroom units and three 2-bedroom units. Newer windows and newer sewer line from property to the street. Kitchens, bathrooms, and boiler were all updated in 2022.
About the neighbourhood
- From an investor's perspective, Andersonville's commercial sector presents exciting opportunities. The neighborhood is known for its vibrant business community, with a diverse range of local shops, boutiques, and specialty stores lining the streets. These businesses create a unique and welcoming shopping experience, attracting residents and visitors from all over Chicago. Additionally, Andersonville hosts a variety of festivals and events throughout the year, further enhancing its appeal. With its unique character, thriving local economy, and strong community engagement, Andersonville presents an attractive opportunity for investors seeking a vibrant neighborhood with significant growth potential.
Property Documents
Property Financials
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Walkscore
Nearby
- Arts & Entertainment
-
American Montessori Academy Andersonville (0.07 mi)
-
The Good Shephard Beauty Supply (0.11 mi)
-
Qideas (0.13 mi)
- Education
-
American Montessori Academy Andersonville (0.07 mi)
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Learn Better With Us (0.14 mi)
-
Goudy Public School (0.23 mi)
- Food
-
Ba Le Sandwich (0.09 mi)
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BAMBU (0.1 mi)
-
Top Tao Tea (0.11 mi)
- Health & Medical
-
The Moon Massage Stretching (0.1 mi)
-
South-East Asia Center (0.12 mi)
-
Phi Jennifer Ngoc-Tuyen, DDS (0.14 mi)
Contact Information
- List Price $1,250,000
- Property Type Multifamily
- Current Rents $99,180
- In Place NOI $61,330
- Target CAP Rate 4.9%
- Today's Market Value $1,360,000
- Price / Unit $250,000
- Units 5
- Pro Forma Rents $144,040
- Projected NOI $102,649
- Market CAP Rate 4.5%
- Value w/Market Rents $2,280,000
*Today’s Market Value & Value w/Market Rents is a theoretical value calculation derived by NOI and CAP rate. It does not take any other property factors into account.
