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1710 W Lunt Ave 1710 W Lunt Ave 12 Unit Apartment Building $3,250,000 ($270,833/Unit) 6.97% Cap Rate Chicago, IL 60626
Investment Highlights
- Gut Renovated in 2025
- In-Unit Laundry and Individual HVAC
- High-Quality, Modern Finishes in the Apartments
- Large Parking Lot for Additional Revenue
Property Facts
| Price | $3,250,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $270,833 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 6.97% | Building Size | 9,500 SF |
| Gross Rent Multiplier | 9.85 | No. Stories | 4 |
| No. Units | 12 | Year Built | 1938 |
| Property Type | Multifamily | Parking Ratio | 1.26/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | RT-4 | ||
| Price | $3,250,000 |
| Price Per Unit | $270,833 |
| Sale Type | Investment |
| Cap Rate | 6.97% |
| Gross Rent Multiplier | 9.85 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.20 AC |
| Building Size | 9,500 SF |
| No. Stories | 4 |
| Year Built | 1938 |
| Parking Ratio | 1.26/1,000 SF |
| Zoning | RT-4 |
Amenities
Unit Amenities
- Microwave
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Elevator
- Online Services
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $1,550 | 450 |
| 1+1 | 7 | $1,986 | 600 - 616 |
| 2+2 | 4 | $2,600 | 1,200 |
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 11-31-212-015-0000 | Improvements Assessment | $38,725 |
| Land Assessment | $19,575 | Total Assessment | $58,300 |
Property Taxes
Parcel Number
11-31-212-015-0000
Land Assessment
$19,575
Improvements Assessment
$38,725
Total Assessment
$58,300
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