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2236 W Augusta Blvd 5 Unit Apartment Building $1,550,000 ($310,000/Unit) 6.05% Cap Rate Chicago, IL 60622
Investment Highlights
- Prime Ukrainian Village Location
- Spacious Units w/ Modern Kitchens & Baths
- Updated 400 AMP Electric Service
- Four (4) 2Bd/1Ba & One (1) 3Bd/1Ba
- 100% Copper Plumbing
Executive Summary
Kiser Group is pleased to exclusively offer for purchase the sale of 2236 W. Augusta Blvd. A well-maintained 5-unit multifamily investment opportunity located in the highly desirable Ukrainian Village Neighborhood. Located in one of Chicago's premier residential neighborhoods, the property offers residents convenient access to the vibrant dining, shopping, and entertainment districts of Wicker Park, West Town, and Noble Square. The property is within close proximity to the CTA Blue Line, multiple bus routes, and major thoroughfares including I-90/94, providing seamless connectivity to Downtown Chicago, the Loop, and O'Hare International Airport.
2236 W. Augusta is comprised of four (4) 2Bd/1Ba units and one (1) 3Bd/1Ba. Furthermore, the building has been meticulously maintained and improvements include but are not limited to: Modern Kitchens and Baths, in-unit washer and dryer in each apartment, copper plumbing, newer hot water tanks, and an updated 400 AMP electric service.
2236 W. Augusta presents investors with a stabilized asset with a 6.0% cap rate in one of Chicago's most sought-after rental markets. By raising rents already achieved in the building, it presents an investor with an opportunity to attain a strong 7% cap rate with increased cash flow.
2236 W. Augusta is comprised of four (4) 2Bd/1Ba units and one (1) 3Bd/1Ba. Furthermore, the building has been meticulously maintained and improvements include but are not limited to: Modern Kitchens and Baths, in-unit washer and dryer in each apartment, copper plumbing, newer hot water tanks, and an updated 400 AMP electric service.
2236 W. Augusta presents investors with a stabilized asset with a 6.0% cap rate in one of Chicago's most sought-after rental markets. By raising rents already achieved in the building, it presents an investor with an opportunity to attain a strong 7% cap rate with increased cash flow.
Property Facts
| Price | $1,550,000 | Apartment Style | Low-Rise |
| Price Per Unit | $310,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 6.05% | Building Size | 5,748 SF |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1895 |
| Property Subtype | Apartment | ||
| Zoning | RT4 | ||
| Price | $1,550,000 |
| Price Per Unit | $310,000 |
| Sale Type | Investment |
| Cap Rate | 6.05% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 5,748 SF |
| No. Stories | 2 |
| Year Built | 1895 |
| Zoning | RT4 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | 850 |
| 3+1 | 1 | - | 1,000 |
1 1
Exceptionally walkable
100/100
Fairly drivable
50/100
Strong public transit
80/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 17-06-313-025-0000 | Improvements Assessment | $92,375 |
| Land Assessment | $32,625 | Total Assessment | $125,000 |
Property Taxes
Parcel Number
17-06-313-025-0000
Land Assessment
$32,625
Improvements Assessment
$92,375
Total Assessment
$125,000
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2236 W Augusta Blvd
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