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350 E 71st St 12 Unit Apartment Building $950,000 ($79,167/Unit) 12% Cap Rate Chicago, IL 60619
Investment Highlights
- Fully Leased Building!
- Restaurant Equipment stays
- Seperate furnaces and AC
Executive Summary
SELLER SAYS SELL! mixed use property containing 12 Units- 8 apartment units and 3,560 square feet of retail space in four spaces. The apartments are 100% leased and the retail space is 100% leased, including one owner-occupied storefront. CASH OR CONVENTIONAL FINANCING
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$160,000
|
$12.08
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$160,000
|
$12.08
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $160,000 |
| Annual Per SF | $12.08 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $160,000 |
| Annual Per SF | $12.08 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $950,000 | Building Class | C |
| Price Per Unit | $79,167 | Lot Size | 0.28 AC |
| Sale Type | Investment | Building Size | 13,242 SF |
| Cap Rate | 12% | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1927 |
| Property Subtype | Apartment | Parking Ratio | 0.6/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R3 - Residential Single Unit District | ||
| Price | $950,000 |
| Price Per Unit | $79,167 |
| Sale Type | Investment |
| Cap Rate | 12% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 13,242 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1927 |
| Parking Ratio | 0.6/1,000 SF |
| Zoning | R3 - Residential Single Unit District |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | - | - |
1 1
Walk Score®
Very Walkable (81)
Transit Score®
Excellent Transit (71)
Property Taxes
| Parcel Number | 20-22-326-017-0000 | Improvements Assessment | $121,800 (2025) |
| Land Assessment | $7,500 (2025) | Total Assessment | $129,300 (2025) |
Property Taxes
Parcel Number
20-22-326-017-0000
Land Assessment
$7,500 (2025)
Improvements Assessment
$121,800 (2025)
Total Assessment
$129,300 (2025)
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350 E 71st St
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