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4118 W Cullom Ave
Chicago, IL 60641
Multifamily Property For Sale
·
4 Units
INVESTMENT HIGHLIGHTS
- Building-Owned Common Area Laundry
- Tenant-Paid Electric & Gas
EXECUTIVE SUMMARY
4118 W. Cullom is a 4-unit multi-family asset offered as part of the Gary R. Carlson Northwest Side Portfolio, located in Chicago’s Irving Park neighborhood. The property includes four residential units, consisting of two 1-bedroom apartments and two studio units, providing an efficient and easy-to-lease mix in a strong North Side rental submarket. Built in 1905 with 2,700 rentable square feet, this building features owner-controlled gas-forced heat, separate tenant-paid electricity, and a building-owned common area laundry set located in the basement. The property’s proximity to public transit, parks, and neighborhood retail makes it a well-positioned asset for stable income with upside through interior modernization.
PROPERTY FACTS
| Price Per Unit | $124,750 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.54% | Lot Size | 0.07 AC |
| Sale Condition | Bulk/Portfolio Sale | Building Size | 2,834 SF |
| Gross Rent Multiplier | 8.85 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1905 |
| Property Subtype | Apartment | ||
| Zoning | RT-4 - RT-4 Zoning. | ||
| Price Per Unit | $124,750 |
| Sale Type | Investment |
| Cap Rate | 5.54% |
| Sale Condition | Bulk/Portfolio Sale |
| Gross Rent Multiplier | 8.85 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 2,834 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1905 |
| Zoning | RT-4 - RT-4 Zoning. |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Lawn
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 2 | - | 550 |
| 1+1 | 2 | - | 800 |
PROPERTY TAXES
| Parcel Number | 13-15-404-033-0000 | Improvements Assessment | $39,163 |
| Land Assessment | $12,838 | Total Assessment | $52,001 |
PROPERTY TAXES
Parcel Number
13-15-404-033-0000
Land Assessment
$12,838
Improvements Assessment
$39,163
Total Assessment
$52,001
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