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3202 W 66th Place 3202 W 66th Pl 12 Unit Apartment Building $925,000 ($77,083/Unit) 8.18% Cap Rate Chicago, IL 60629



Investment Highlights
- Former Condo Building
- 75% Two Bedroom Units
- Individual Hot Water Tanks and Tenant Paid Electric Heat
- $300+ Average Upside Between Current In-place Rents and Market Rents
Property Facts
| Price | $925,000 | Apartment Style | Low-Rise |
| Price Per Unit | $77,083 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.22 AC |
| Cap Rate | 8.18% | Building Size | 12,851 SF |
| Gross Rent Multiplier | 5.93 | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1965/2015 |
| Property Subtype | Apartment | Parking Ratio | 0.54/1,000 SF |
| Zoning | B | ||
| Price | $925,000 |
| Price Per Unit | $77,083 |
| Sale Type | Investment |
| Cap Rate | 8.18% |
| Gross Rent Multiplier | 5.93 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 12,851 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1965/2015 |
| Parking Ratio | 0.54/1,000 SF |
| Zoning | B |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Eat-in Kitchen
- Handrails
Site Amenities
- Fenced Lot
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 12 | - | 850 |
1 1
Very walkable
80/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 19-23-227-041-1001 | Improvements Assessment | $8,003 |
| Land Assessment | $390 | Total Assessment | $8,393 |
Property Taxes
Parcel Number
19-23-227-041-1001
Land Assessment
$390
Improvements Assessment
$8,003
Total Assessment
$8,393
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3202 W 66th Place | 3202 W 66th Pl
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