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1609 W Greenleaf Ave 10 Unit Apartment Building $2,245,000 ($224,500/Unit) 5.43% Cap Rate Chicago, IL 60626
Investment Highlights
- Close to schools
- Gated building
- Walking distance to Lake Michigan
- Gated parking
- Close to Redline, CTA and Metra
- Walking distance to various plazas
Executive Summary
Prime Rogers Park multifamily investment opportunity. 10-unit gated brick building with 13 surface parking spaces — one space per unit — generating $23,400 in annual parking income. All units feature hardwood floors and kitchen appliances. Units vary in level of updating, providing immediate value-add opportunity for the new owner. Located blocks from Lake Michigan and its beaches, in close proximity to Loyola University, and directly served by the CTA Red, Purple, and Yellow Lines and Metra. Strong in-place NOI of $121,874 with significant upside as below-market rents are brought to current market rates. A rare gated multifamily asset in one of Chicago’s most desirable lakefront neighborhoods.
Data Room Click Here to Access
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
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Tile Floors
- Eat-in Kitchen
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Satellite TV
- Oven
- Tub/Shower
- Views
- Walk-In Closets
- Wi-Fi
- Yard
- Grill
- Dining Room
- Family Room
- Garden
- Handrails
- Smoke Free
- Large Bedrooms
Site Amenities
- 24 Hour Access
- Fenced Lot
- Gated
- Grill
- Gas Range
- Smoke Free
- Trash Pickup - Curbside
- Wi-Fi
- Individual Locking Bedrooms
- Private Bathroom
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $1,200 | - |
| Studios | 3 | $1,100 | - |
| 2+1 | 3 | $1,816 | - |
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Exceptionally walkable
90/100
Somewhat drivable
30/100
Strong public transit
80/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 11-31-213-015-0000 | Total Assessment | $91,225 |
| Land Assessment | $17,831 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $73,394 | Tax Year | 2025 |
Property Taxes
Parcel Number
11-31-213-015-0000
Land Assessment
$17,831
Improvements Assessment
$73,394
Total Assessment
$91,225
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Street
Map
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Contact the Sale Advisor
1609 W Greenleaf Ave