- List Price $4,500,000
- Price / Unit $225,000
- Property Type Multifamily
- Units 20
- Current Rents $410,472
- Pro Forma Rents $564,397
- In Place NOI $301,579
- Projected NOI $445,795
- Target CAP Rate 6.7%
- Market CAP Rate 5%
- Today's Market Value $6,000,000
- Value w/Market Rents $8,900,000
*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.
- 49
- 34.5
- 17936
- 1950
- 100%
- 49
- 2
- Forced Air
- Central Air
- In Unit, Free
49
34.5
17936
- 1950
- 100%
- 49
- 2
- Forced Air
- Forced Air
- In Unit, Free
About the property
The building contains 20 spacious 2 story units consisting of nine 3-bedroom/2.5 bath units, ten 2-bedroom/1 bath units and one 2-bedroom/2 bath. Each unit has been meticulously updated to modern design, boasting features such as FRESH PAINT, STONE COUNTERTOPS, RENOVATED BATHROOMS, CERAMIC TILE AND BEAUTIFULLY STAINED WOOD FLOORING, IN UNIT WASHER/DRYERS, CENTRAL HVAC/CENTRAL HEATING. Each apartment also has ITS OWN BALCONY FACING A PRIVATE COURTYARD. Each unit has it’s own gas meter for heating/cooking. This building has been cared for, is CHA compliant, is already a cash cow with room to increase income.
About the neighbourhood
- Rogers Park is a vibrant and diverse neighborhood located on the North Side of Chicago, known for its unique cultural mix, beautiful lakefront, and strong sense of community. Rogers Park offers a dynamic and inviting atmosphere, characterized by a blend of architectural styles, including vintage apartments, historic homes, and modern condominiums. The community is known for its artistic and creative scene, with several theaters, galleries, and music venues that host performances and exhibitions throughout the year. Loyola University Chicago, a prominent educational institution, is also situated within Rogers Park, contributing to the area's academic and youthful energy.
Property Documents
Property Financials
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Walkscore
Nearby
- Arts & Entertainment
-
Glen Lusby Interiors (0.11 mi)
-
Casa Bonita Condominium Assoc (0.25 mi)
-
Uno Rogers Park Charter School Theater (0.28 mi)
- Education
-
Uno Rogers Park Charter School Theater (0.28 mi)
-
St Scholastica High School (0.33 mi)
-
Little People Day Care & Kindergarten (0.32 mi)
- Food
-
Summit Grocery (0.07 mi)
-
Ethnic Grocery Tours (0.08 mi)
-
A Bundt Cake (0.22 mi)
- Health & Medical
-
Zen Leaf (0.07 mi)
-
Harmonious Healing Touch Massage (0.17 mi)
-
Rogers Park Nutrition Spot (0.26 mi)
Contact Information
- List Price $4,500,000
- Property Type Multifamily
- Current Rents $410,472
- In Place NOI $301,579
- Target CAP Rate 6.7%
- Today's Market Value $6,000,000
- Price / Unit $225,000
- Units 20
- Pro Forma Rents $564,397
- Projected NOI $445,795
- Market CAP Rate 5%
- Value w/Market Rents $8,900,000
*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.
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