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1440 N Leavitt St 6 Unit Apartment Building $1,625,000 ($270,833/Unit) 3.81% Cap Rate Chicago, IL 60622
Executive Summary
Prime tree-lined Wicker Park location – steps to Milwaukee Ave/Damen Ave nightlife, restaurants, shopping, Wicker Park, and the Blue Line. One of Chicago’s hottest neighborhoods with strong rental demand and appreciation.
Key Property Features & Upgrades:
-Roof (complete tear-off 2014
-400-amp electrical service
-Individual furnaces for each unit
-Central air in 3 units + 2 AC condensers
-Separate meters (tenants pay own electric & gas)
-Coin-operated laundry on each floor (3 sets)
-2 gated rear parking spots
Key Property Features & Upgrades:
-Roof (complete tear-off 2014
-400-amp electrical service
-Individual furnaces for each unit
-Central air in 3 units + 2 AC condensers
-Separate meters (tenants pay own electric & gas)
-Coin-operated laundry on each floor (3 sets)
-2 gated rear parking spots
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,625,000 | Apartment Style | Low-Rise |
| Price Per Unit | $270,833 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Cap Rate | 3.81% | Building Size | 5,400 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1905/2010 |
| Property Subtype | Apartment | Parking Ratio | 0.37/1,000 SF |
| Zoning | B1-2 - Actual Zoning C1-2 | ||
| Price | $1,625,000 |
| Price Per Unit | $270,833 |
| Sale Type | Investment |
| Cap Rate | 3.81% |
| 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/Renovated | 1905/2010 |
| Parking Ratio | 0.37/1,000 SF |
| Zoning | B1-2 - Actual Zoning C1-2 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 4 | - | - |
| 2+2 | 1 | - | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Strong public transit
80/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 17-06-111-016-0000 | Total Assessment | $136,442 |
| Land Assessment | $30,845 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $105,597 | Tax Year | 2025 |
Property Taxes
Parcel Number
17-06-111-016-0000
Land Assessment
$30,845
Improvements Assessment
$105,597
Total Assessment
$136,442
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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1440 N Leavitt St
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