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4634-4658 W 79th St 33 Unit Apartment Building $5,650,000 ($171,212/Unit) 9.17% Cap Rate Chicago, IL 60652
Investment Highlights
- Located in a Designated Mobility Zone
- Exceptional Current and Future Returns - 9.2% Current Cap | 13.2% Proforma
- Annual Gross Rental Income is More than $200,000 Below Market
Property Facts Under Contract
| Price | $5,650,000 | Apartment Style | Garden |
| Price Per Unit | $171,212 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.76 AC |
| Cap Rate | 9.17% | Building Size | 35,677 SF |
| Gross Rent Multiplier | 6.94 | Average Occupancy | 100% |
| No. Units | 33 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1968 |
| Property Subtype | Apartment | Parking Ratio | 1.49/1,000 SF |
| Zoning | R-3, Chicago - Residential | ||
| Price | $5,650,000 |
| Price Per Unit | $171,212 |
| Sale Type | Investment |
| Cap Rate | 9.17% |
| Gross Rent Multiplier | 6.94 |
| No. Units | 33 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.76 AC |
| Building Size | 35,677 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1968 |
| Parking Ratio | 1.49/1,000 SF |
| Zoning | R-3, Chicago - Residential |
Amenities
Unit Amenities
- Fireplace
- Heating
- Refrigerator
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | - | 750 |
| 2+1 | 28 | - | 1,000 |
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Walk Score®
Very Walkable (75)
Property Taxes
| Parcel Numbers | Improvements Assessment | $159,731 | |
| Land Assessment | $14,144 | Total Assessment | $173,875 |
Property Taxes
Parcel Numbers
Land Assessment
$14,144
Improvements Assessment
$159,731
Total Assessment
$173,875
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4634-4658 W 79th St
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