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4035 S Richmond Street 4035 S Richmond St 7 Unit Apartment Building $899,000 ($128,429/Unit) 7.04% Cap Rate Chicago, IL 60632
Investment Highlights
- Access and Connectivity
- Nearby Employment Hubs
- Off-Street Parking
- Area Amenities and Demand Drivers
- Desirable Brick Construction
- Strong Rental Demographics and Demand
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 4035 S Richmond Street in Chicago, IL (the “Property”). The two-story building contains two (2) 3-Bedroom/1-Bathroom units, two (2) 2-Bedroom/1-Bathroom units, two (2) 1-Bedroom/1-Bathroom units, and one (1) Studio unit with 5,600 square feet of gross living area in 5,900 square feet of gross area. The Property is situated upon a 0.07-acre parcel and features two (2) off-street parking spaces.
4035 S. Richmond Street is well-positioned within Chicago’s Brighton Park neighborhood, offering strong access to the city’s southwest side employment corridors, neighborhood retail districts, and surrounding residential communities. The property benefits from convenient connectivity to major regional transportation routes including Archer Avenue, Pulaski Road, and Interstate 55, providing efficient access to Downtown Chicago, Midway International Airport, and the broader metropolitan area. Its central location within Brighton Park also places residents near established commercial corridors, public transportation options, and popular nearby neighborhoods.
4035 S. Richmond Street is well-positioned within Chicago’s Brighton Park neighborhood, offering strong access to the city’s southwest side employment corridors, neighborhood retail districts, and surrounding residential communities. The property benefits from convenient connectivity to major regional transportation routes including Archer Avenue, Pulaski Road, and Interstate 55, providing efficient access to Downtown Chicago, Midway International Airport, and the broader metropolitan area. Its central location within Brighton Park also places residents near established commercial corridors, public transportation options, and popular nearby neighborhoods.
Property Facts
| Price | $899,000 | Apartment Style | Low-Rise |
| Price Per Unit | $128,429 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Cap Rate | 7.04% | Building Size | 5,900 SF |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1923 |
| Property Subtype | Apartment | ||
| Zoning | RS-3 | ||
| Price | $899,000 |
| Price Per Unit | $128,429 |
| Sale Type | Investment |
| Cap Rate | 7.04% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 5,900 SF |
| No. Stories | 2 |
| Year Built | 1923 |
| Zoning | RS-3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 2 | - | - |
| 2+1 | 2 | - | - |
| 3+1 | 2 | - | - |
1 1
Exceptionally walkable
90/100
Moderately drivable
60/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 19-01-119-001-0000 | Improvements Assessment | $45,571 |
| Land Assessment | $3,949 | Total Assessment | $49,520 |
Property Taxes
Parcel Number
19-01-119-001-0000
Land Assessment
$3,949
Improvements Assessment
$45,571
Total Assessment
$49,520
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