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3136 W Logan Blvd 4 Unit Apartment Building $1,650,000 ($412,500/Unit) 3.91% Cap Rate Chicago, IL 60647
Investment Highlights
- Four-unit vintage brick building on iconic Logan Boulevard
- Classic 1908 Chicago architecture with stone façade and turret
- Prime Logan Square location with strong rental demand and upside
- 4,860 SF with large 2–4 bedroom units
- Month-to-month leases allow immediate value-add and rent growth
Executive Summary
A four-unit vintage brick apartment building located along one of Logan Square’s most iconic and sought-after residential corridors. The property consists of 4,860 rentable square feet across a desirable unit mix of (1) two-bedroom, (1) three-bedroom, and (2) four-bedroom units, offering a strong blend of unit sizes that appeal to both owner-occupants and long-term rental demand. Constructed in 1908, the building showcases classic Chicago architecture with a prominent stone façade and turreted frontage, while offering functional interior layouts that provide significant upside through interior renovations and rent optimization. All units are currently leased on a month-to-month basis, presenting a clear path for a new owner to reposition the asset through strategic capital improvements or incremental rent growth. Positioned on Logan Boulevard, a historically significant, tree-lined thoroughfare, the property benefits from strong tenant demand, proximity to transit, and longterm appreciation drivers. 3136 W Logan Boulevard represents an attractive acquisition for investors seeking a core Logan Square asset with meaningful valueadd upside, as well as owner-occupants looking to establish a long-term foothold in one of Chicago’s most dynamic neighborhoods.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2024) 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 - 2024) 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 | $1,650,000 | Property Subtype | Apartment |
| Price Per Unit | $412,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 3.91% | Building Size | 4,860 SF |
| Gross Rent Multiplier | 16.2 | No. Stories | 3 |
| No. Units | 4 | Year Built | 1908 |
| Property Type | Multifamily | Parking Ratio | 0.41/1,000 SF |
| Zoning | RS-3 - Residential | ||
| Price | $1,650,000 |
| Price Per Unit | $412,500 |
| Sale Type | Investment |
| Cap Rate | 3.91% |
| Gross Rent Multiplier | 16.2 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 4,860 SF |
| No. Stories | 3 |
| Year Built | 1908 |
| Parking Ratio | 0.41/1,000 SF |
| Zoning | RS-3 - Residential |
Amenities
Unit Amenities
- Washer/Dryer
- Kitchen
- Refrigerator
- Dining Room
- Porch
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $1,700 | 950 |
| 3+1 | 1 | $2,400 | 1,300 |
| 4+1 | 2 | $2,500 | 1,300 |
1 1
Exceptionally walkable
100/100
Fairly drivable
50/100
Strong public transit
80/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 13-25-308-019-0000 | Total Assessment | $112,000 (2025) |
| Land Assessment | $31,031 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $80,969 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
13-25-308-019-0000
Land Assessment
$31,031 (2025)
Improvements Assessment
$80,969 (2025)
Total Assessment
$112,000 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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3136 W Logan Blvd
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