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2903 N. Linder Ave. Chicago IL 60641 2903 N Linder Ave 6 Unit Apartment Building $899,900 ($149,983/Unit) 7.87% Cap Rate Chicago, IL 60641
Investment Highlights
- 6 Unit Corner Building
- Fully Rented
- 2 Brand New Boilers
- Same Owner for 40 years
- 3 Car Garage
Executive Summary
Proudly owned by the same owner for over 40 years, this fully rented corner 6-unit building presents an outstanding investment opportunity. The property features exceptionally spacious one bedroom, one bath units, each with the potential to function as a two-bedroom, as the oversized dining rooms have been utilized as second bedrooms by the tenants. A full unfinished basement offers excellent potential for additional value, including the possibility of duplex-down units. The property also includes a rare 3-car brick garage. Whether you're looking to expand your portfolio or unlock future upside, this well-maintained building offers strong income with significant value-add potential. Ideally located in the highly sought-after Belmont Cragin neighborhood. Property is being sold as-is.
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
| Price | $899,900 | Apartment Style | Low-Rise |
| Price Per Unit | $149,983 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 7.87% | Building Size | 9,000 SF |
| Sale Condition | 1031 Exchange | No. Stories | 2 |
| No. Units | 6 | Year Built | 1927 |
| Property Type | Multifamily | Parking Ratio | 0.56/1,000 SF |
| Property Subtype | Apartment |
| Price | $899,900 |
| Price Per Unit | $149,983 |
| Sale Type | Investment |
| Cap Rate | 7.87% |
| Sale Condition | 1031 Exchange |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 9,000 SF |
| No. Stories | 2 |
| Year Built | 1927 |
| Parking Ratio | 0.56/1,000 SF |
Amenities
Unit Amenities
- Heating
- Bay Window
- Crown Molding
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Dining Room
Site Amenities
- Laundry Facilities
- Gas Range
- Storage Space
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
1 1
Exceptionally walkable
90/100
Fairly drivable
40/100
Good public transit
60/100
Moderately bikeable
60/100
1 of 19
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2903 N. Linder Ave. Chicago IL 60641 | 2903 N Linder Ave
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