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1133 N Winchester Ave 6 Unit Apartment Building $2,070,000 ($345,000/Unit) 6.87% Cap Rate Chicago, IL 60622
Investment Highlights
- Recent full rehab
- 1 block from Division Ave
Executive Summary
Exceptional turn key property on one of the best blocks in East Village/Wicker park area. Two Beautiful buildings on one site that you will be proud to own. Comprise of six units between two buildings - four units in front and 2 units in rear. The property consists of two 2 bed 2 bath, one 2 bed 1 bath, one 4 bed 2 bath duplexes, one 1 bed 1 bath, and one 1 bed 1 bath with a den. The vintage units received a complete gut renovation in 2022 but still retain their charm. Each apartment features new kitchens, bathrooms, hardwood floors, stainless steel appliances, HVAC, and in-unit laundry. Clean and cared for, thoughtfully managed with plenty upside left for next owner. Landmarked building on Landmarked block - East Village District. Located at just a stones throw to Division St and all the attractions that tenants love.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$190,260
|
$38.05
|
| Other Income |
$8,020
|
$1.60
|
| Vacancy Loss |
$5,707
|
$1.14
|
| Effective Gross Income |
$192,573
|
$38.51
|
| Taxes |
$27,001
|
$5.40
|
| Operating Expenses |
$23,396
|
$4.68
|
| Total Expenses |
$50,397
|
$10.08
|
| Net Operating Income |
$142,176
|
$28.44
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $190,260 |
| Annual Per SF | $38.05 |
| Other Income | |
|---|---|
| Annual | $8,020 |
| Annual Per SF | $1.60 |
| Vacancy Loss | |
|---|---|
| Annual | $5,707 |
| Annual Per SF | $1.14 |
| Effective Gross Income | |
|---|---|
| Annual | $192,573 |
| Annual Per SF | $38.51 |
| Taxes | |
|---|---|
| Annual | $27,001 |
| Annual Per SF | $5.40 |
| Operating Expenses | |
|---|---|
| Annual | $23,396 |
| Annual Per SF | $4.68 |
| Total Expenses | |
|---|---|
| Annual | $50,397 |
| Annual Per SF | $10.08 |
| Net Operating Income | |
|---|---|
| Annual | $142,176 |
| Annual Per SF | $28.44 |
Property Facts
| Price | $2,070,000 | Building Class | C |
| Price Per Unit | $345,000 | Lot Size | 0.07 AC |
| Sale Type | Investment | Building Size | 5,000 SF |
| Cap Rate | 6.87% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1916/2022 |
| Property Subtype | Apartment | Parking Ratio | 1.2/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RT4 - Multi-family | ||
| Price | $2,070,000 |
| Price Per Unit | $345,000 |
| Sale Type | Investment |
| Cap Rate | 6.87% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 5,000 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1916/2022 |
| Parking Ratio | 1.2/1,000 SF |
| Zoning | RT4 - Multi-family |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | $2,110 | 550 - 700 |
| 2+2 | 2 | $2,695 | 900 |
| 4+2 | 1 | $4,350 | 1,400 |
| 1+1 | 1 | $1,895 | 500 |
1 1
Walk Score®
Walker's Paradise (95)
Transit Score®
Excellent Transit (77)
Bike Score®
Biker's Paradise (98)
Property Taxes
| Parcel Number | 17-06-401-014-0000 | Total Assessment | $134,001 |
| Land Assessment | $27,188 | Annual Taxes | $27,001 ($5.40/SF) |
| Improvements Assessment | $106,813 | Tax Year | 2025 |
Property Taxes
Parcel Number
17-06-401-014-0000
Land Assessment
$27,188
Improvements Assessment
$106,813
Total Assessment
$134,001
Annual Taxes
$27,001 ($5.40/SF)
Tax Year
2025
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1133 N Winchester Ave
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