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2327 S Homan Ave 3 Unit Apartment Building $765,000 ($255,000/Unit) 8.10% Cap Rate Chicago, IL 60623
Executive Summary
Perfect building for investor or owner-occupant alike. Delivery in 12-weeks. Exceptional investment or owner-occupant opportunity with this newly built three-unit property featuring modern finishes and thoughtful design throughout. Each spacious unit offers 3 bedrooms and 2 full baths. Step inside to find open-concept layouts with abundant natural light, in-unit laundry, and stainless steel appliances in every kitchen. A rear parking pad provides off-street parking for residents. Located near public transit, parks, and local amenities, this is a rapidly appreciating area, with lots of upside for investors.
Property Facts
| Price | $765,000 | Building Class | B |
| Price Per Unit | $255,000 | Lot Size | 0.07 AC |
| Sale Type | Investment | Building Size | 3,750 SF |
| Cap Rate | 8.10% | Average Occupancy | 0% |
| No. Units | 3 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2025 |
| Property Subtype | Apartment | Parking Ratio | 0.8/1,000 SF |
| Zoning | RT-4 | ||
| Price | $765,000 |
| Price Per Unit | $255,000 |
| Sale Type | Investment |
| Cap Rate | 8.10% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.07 AC |
| Building Size | 3,750 SF |
| Average Occupancy | 0% |
| No. Stories | 3 |
| Year Built | 2025 |
| Parking Ratio | 0.8/1,000 SF |
| Zoning | RT-4 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 3 | - | 2,300 |
1 1
Walk Score®
Very Walkable (87)
Bike Score®
Very Bikeable (74)
Property Taxes
| Parcel Number | 16-26-212-011-0000 | Improvements Assessment | $0 |
| Land Assessment | $4,531 | Total Assessment | $4,531 |
Property Taxes
Parcel Number
16-26-212-011-0000
Land Assessment
$4,531
Improvements Assessment
$0
Total Assessment
$4,531
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2327 S Homan Ave
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