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3905 N Western Ave 34 Unit Apartment Building $15,750,000 ($463,235/Unit) 6.08% Cap Rate Chicago, IL 60618
Investment Highlights
- The asset consists of 30 luxury apartment units and 4 street-level commercial spaces with long term tenants
- All residential units feature private balconies and modern interior finishes consistent with contemporary urban living standards
- Elevator Building
Property Facts
| Price | $15,750,000 | Property Subtype | Apartment |
| Price Per Unit | $463,235 | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 6.08% | Lot Size | 0.20 AC |
| Gross Rent Multiplier | 10.33 | Building Size | 65,346 SF |
| No. Units | 34 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 2009 |
| Zoning | B2-5 | ||
| Price | $15,750,000 |
| Price Per Unit | $463,235 |
| Sale Type | Investment |
| Cap Rate | 6.08% |
| Gross Rent Multiplier | 10.33 |
| No. Units | 34 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.20 AC |
| Building Size | 65,346 SF |
| No. Stories | 4 |
| Year Built | 2009 |
| Zoning | B2-5 |
Amenities
Unit Amenities
- Air Conditioning
- Fireplace
- Ceiling Fans
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Stainless Steel Appliances
- Range
- Wheelchair Accessible (Rooms)
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- On-Site Retail
- Elevator
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 12 | - | 1,300 |
| 3+2 | 18 | - | 1,800 |
Exceptionally walkable
100/100
Fairly drivable
50/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 14-19-100-013-0000 | Improvements Assessment | $218,433 |
| Land Assessment | $51,570 | Total Assessment | $270,003 |
Property Taxes
Parcel Number
14-19-100-013-0000
Land Assessment
$51,570
Improvements Assessment
$218,433
Total Assessment
$270,003
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3905 N Western Ave
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