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4359 W West End Ave - 4357 W West End Ave. 18 Unit Apartment Building Offered at $2,800,000 at a 8.18% Cap Rate Chicago, IL 60624
Investment Highlights
- Stabilized & Fully Rented
- 800 Amp electrical service
- Located within an opportunity zone
- All apartments have been remodeled with modern kitchens and bathrooms.Hardwood floors throughout living area and bedrooms
- Water heaters replaced in 2023
- AHSAP 35% tax reduction applied
Executive Summary
Outstanding, turnkey, previously fully rehabbed, fully rented, Garfield Park 18-unit apartment building in prime location with 8.2% cap rate on 75x150 foot corner lot with RT-4 zoning. Building consists of 6 three-bedroom and 12 two-bedroom apartments. All apartments have been remodeled with modern kitchens and bathrooms. Hardwood floors throughout living area and bedrooms. 800 Amp electrical service! Water heaters replaced in 2023. Easy street parking. Fantastic location is close to Tilton Elementary School, Garfield Park Conservatory, ponds, gardens, and athletic facilities, Pulaski CTA Green & Blue Line stops, and 290 Expressway. Five miles to Chicago Loop. Each unit has its own individual gas forced air furnace. Tenants pay for electric and heat. Cashless laundry on site provides additional income. Located within an opportunity zone. AHSAP 35% tax reduction applied.
Data Room Click Here to Access
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
Unit Amenities
- Microwave
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
Site Amenities
- Fenced Lot
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 12 | $1,433 | - |
| 3+1 | 6 | $1,655 | - |
Moderately walkable
70/100
Moderately drivable
70/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 16-10-418-001-0000 | Total Assessment | $70,460 |
| Land Assessment | $10,603 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $59,857 | Tax Year | 2025 |
Property Taxes
Parcel Number
16-10-418-001-0000
Land Assessment
$10,603
Improvements Assessment
$59,857
Total Assessment
$70,460
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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4359 W West End Ave - 4357 W West End Ave.
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