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2800 W Washington Blvd 15 Unit Apartment Building $1,925,000 ($128,333/Unit) 8.07% Cap Rate Chicago, IL 60612
INVESTMENT HIGHLIGHTS
- STRONG IN-PLACE AND POTENTIAL RETURNS: (Current / Proforma) – Cap Rate: 8.07% / 9.18%, Cash on Cash: 10.12% / 14.56%
- STRONG REVENUE GROWTH POTENTIAL: Current rents are more than $25,000 below market, providing immediate upside.
- TENANT-PAID UTILITIES: All utilities are separately metered and resident paid, further reducing landlord responsibilities.
- LOCATION: The property is situated in a growing neighborhood with proximity to The United Center, public transit, parks, and major development project
PROPERTY FACTS
| Price | $1,925,000 | Property Subtype | Apartment |
| Price Per Unit | $128,333 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 8.07% | Lot Size | 0.15 AC |
| Gross Rent Multiplier | 7.8 | Building Size | 9,570 SF |
| No. Units | 15 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1930 |
| Zoning | RT-4 | ||
| Price | $1,925,000 |
| Price Per Unit | $128,333 |
| Sale Type | Investment |
| Cap Rate | 8.07% |
| Gross Rent Multiplier | 7.8 |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.15 AC |
| Building Size | 9,570 SF |
| No. Stories | 3 |
| Year Built | 1930 |
| Zoning | RT-4 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 15 | - | 600 |
1 1
Walk Score®
Very Walkable (79)
Transit Score®
Excellent Transit (78)
Bike Score®
Biker's Paradise (97)
PROPERTY TAXES
| Parcel Number | 16-12-323-027-0000 | Improvements Assessment | $74,989 |
| Land Assessment | $9,469 | Total Assessment | $84,458 |
PROPERTY TAXES
Parcel Number
16-12-323-027-0000
Land Assessment
$9,469
Improvements Assessment
$74,989
Total Assessment
$84,458
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2800 W Washington Blvd
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