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4411 W Walton St 7 Unit Apartment Building $669,000 ($95,571/Unit) 8.57% Cap Rate Chicago, IL 60651
Investment Highlights
- Desirable Unit Mix: six (6) 2bd/1ba units and one (1) 0bd/1ba unit
- Individual & In-Unit Furnaces
- Updated Copper Plumbing
- Newly Remodeled Units
- Bitumen Membrane Roof
- Two (2) blocks from the New $170 million Public Safety Training Center
Executive Summary
Kiser Group is pleased to exclusively present for purchase 4411 W. Walton, a beautiful seven (7) unit walk-up building located in one of Chicago's most rapidly growing neighborhoods, Humboldt Park. The property sits on a quiet, tree-lined street just two (2) blocks away from the brand new $170 million Public Safety Training Center along Chicago Ave, which also has an abundance of retail and public transit.
4411 W. Walton is comprised of six (6) 2bd/1ba spacious units and one (1) 1bd/1ba unit, all containing in-unit furnaces. The property has been meticulously maintained by a single owner/operator for over 25 years. Recent capital improvements consist of, but are not limited to updated copper plumbing, newer windows, newer Bitumen membrane roof, and re-wired electric with breaker boxes in-unit.
4411 W. Walton presents an investor with a unique opportunity to acquire a cash-flowing asset with an in-place cap rate over 8.5% from day one. Additionally, through improved leasing, management, and raising rents to market rate levels, a new investor can realize a cap rate over 10% and cash returns of 18%.
4411 W. Walton is comprised of six (6) 2bd/1ba spacious units and one (1) 1bd/1ba unit, all containing in-unit furnaces. The property has been meticulously maintained by a single owner/operator for over 25 years. Recent capital improvements consist of, but are not limited to updated copper plumbing, newer windows, newer Bitumen membrane roof, and re-wired electric with breaker boxes in-unit.
4411 W. Walton presents an investor with a unique opportunity to acquire a cash-flowing asset with an in-place cap rate over 8.5% from day one. Additionally, through improved leasing, management, and raising rents to market rate levels, a new investor can realize a cap rate over 10% and cash returns of 18%.
Property Facts
| Price | $669,000 | Building Class | C |
| Price Per Unit | $95,571 | Lot Size | 0.06 AC |
| Sale Type | Investment | Building Size | 6,800 SF |
| Cap Rate | 8.57% | No. Stories | 3 |
| No. Units | 7 | Year Built | 1910 |
| Property Type | Multifamily | Parking Ratio | 0.44/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | RS-3 - Residential | ||
| Price | $669,000 |
| Price Per Unit | $95,571 |
| Sale Type | Investment |
| Cap Rate | 8.57% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 6,800 SF |
| No. Stories | 3 |
| Year Built | 1910 |
| Parking Ratio | 0.44/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RS-3 - Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | 800 |
| 2+1 | 6 | - | 900 - 1,500 |
1 1
Walk Score®
Very Walkable (72)
Property Taxes
| Parcel Number | 16-03-318-018-0000 | Improvements Assessment | $34,572 |
| Land Assessment | $4,428 | Total Assessment | $39,000 |
Property Taxes
Parcel Number
16-03-318-018-0000
Land Assessment
$4,428
Improvements Assessment
$34,572
Total Assessment
$39,000
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4411 W Walton St
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