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4733 N Washtenaw Ave 3 Unit Apartment Building Offered at $1,250,000 at a 5.27% Cap Rate Chicago, IL 60625
Investment Highlights
- Three (3) 3 Bed / 2 Bath Apartments
- 3 Parking Spaces
- 0.5 Miles from Western CTA
- Renovated 2011
- 0.2 Miles from Rockwell CTA
- Current Rents are 30% Below Market
Executive Summary
Kiser Group has been exclusively engaged to market for sale 4733 N. Washtenaw, a three-unit walk-up in the heart of Chicago's highly desirable Lincoln Square neighborhood. Located just blocks from the Rockwell Brown Line stop and the vibrant Lincoln Square commercial corridor, the property offers investors the opportunity to acquire a classic Chicago asset with renovated interiors in a premier North Side location.
The building features three (3) 3 bed / 2 bath apartments, each approximately 1,300 square feet, with modern finishes including hardwood flooring, stainless steel appliances, and granite countertops. Current rents are approximately 30% below market, presenting substantial value-add potential through light turnover improvements and strategic rent increases.
With strong fundamentals and an unbeatable location in one of Chicago’s most sought-after neighborhoods, 4733 N. Washtenaw represents a compelling investment opportunity with both stability and meaningful upside.
The building features three (3) 3 bed / 2 bath apartments, each approximately 1,300 square feet, with modern finishes including hardwood flooring, stainless steel appliances, and granite countertops. Current rents are approximately 30% below market, presenting substantial value-add potential through light turnover improvements and strategic rent increases.
With strong fundamentals and an unbeatable location in one of Chicago’s most sought-after neighborhoods, 4733 N. Washtenaw represents a compelling investment opportunity with both stability and meaningful upside.
Property Facts
| Price | $1,250,000 | Property Type | Multifamily |
| Price Per Unit | $416,667 | Building Size | 3,900 SF |
| Sale Type | Investment | No. Stories | 3 |
| Cap Rate | 5.27% | Year Built/Renovated | 1918/2011 |
| No. Units | 3 |
| Price | $1,250,000 |
| Price Per Unit | $416,667 |
| Sale Type | Investment |
| Cap Rate | 5.27% |
| No. Units | 3 |
| Property Type | Multifamily |
| Building Size | 3,900 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1918/2011 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 3 | - | 1,300 |
1 1
Walk Score®
Walker's Paradise (93)
Bike Score®
Biker's Paradise (93)
Property Taxes
| Parcel Number | 13-13-202-012-0000 | Improvements Assessment | $82,145 |
| Land Assessment | $13,313 | Total Assessment | $95,458 |
Property Taxes
Parcel Number
13-13-202-012-0000
Land Assessment
$13,313
Improvements Assessment
$82,145
Total Assessment
$95,458
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4733 N Washtenaw Ave
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