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1437 W Superior St 6 Unit Apartment Building $2,015,000 ($335,833/Unit) 5.86% Cap Rate Chicago, IL 60642
Investment Highlights
- Gut rehabbed in 2023
- In-unit laundry
- Renovated interiors
- Condo quality units
- Dishwashers in-unit
- Rent growth potential
Executive Summary
1437 W Superior St is a 6-unit residential building strategically located in West Town. This gut-rehabbed property features condo-quality units with completely renovated interiors and updated building systems throughout. The unit mix consists of one (1) three-bedroom, two-bathroom unit; one (1) two-bedroom,
two-bathroom unit; one (1) two-bedroom, one-bathroom unit; three (3) one-bedroom, one-bathroom
units.
The building offers significant upside potential for rent growth in a neighborhood where properties rarely become available, creating a unique acquisition opportunity. This well-positioned asset delivers strong income-producing potential.
two-bathroom unit; one (1) two-bedroom, one-bathroom unit; three (3) one-bedroom, one-bathroom
units.
The building offers significant upside potential for rent growth in a neighborhood where properties rarely become available, creating a unique acquisition opportunity. This well-positioned asset delivers strong income-producing potential.
Property Facts
| Price | $2,015,000 | Apartment Style | Low-Rise |
| Price Per Unit | $335,833 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Cap Rate | 5.86% | Building Size | 5,400 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1940 |
| Property Subtype | Apartment | Parking Ratio | 0.37/1,000 SF |
| Zoning | RS-3 | ||
| Price | $2,015,000 |
| Price Per Unit | $335,833 |
| Sale Type | Investment |
| Cap Rate | 5.86% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 5,400 SF |
| No. Stories | 3 |
| Year Built | 1940 |
| Parking Ratio | 0.37/1,000 SF |
| Zoning | RS-3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 2+1 | 1 | - | - |
| 2+2 | 1 | - | - |
| 3+2 | 1 | - | - |
1 1
Walk Score®
Walker's Paradise (97)
Transit Score®
Excellent Transit (78)
Bike Score®
Biker's Paradise (95)
Property Taxes
| Parcel Number | 17-08-110-001-0000 | Improvements Assessment | $86,530 |
| Land Assessment | $22,909 | Total Assessment | $109,439 |
Property Taxes
Parcel Number
17-08-110-001-0000
Land Assessment
$22,909
Improvements Assessment
$86,530
Total Assessment
$109,439
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1437 W Superior St
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