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4929 W Warwick Ave
Chicago, IL 60641
Multifamily Property For Sale
·
5 Units
INVESTMENT HIGHLIGHTS
- Building-Owned Common Area Laundry
- 2-Unit Coach House
EXECUTIVE SUMMARY
4929 W. Warwick is a 5-unit multi-family asset offered as part of the Gary R. Carlson Northwest Side Portfolio, located in Chicago’s Portage Park neighborhood. The property features five residential units between the front building and coach house, consisting of one 1-bedroom apartments, two 2-bedroom apartments, and two 3-bedroom apartments, providing a practical and easy-to-rent mix in a stable, demand-driven submarket. Built in 1921 with 3,900 rentable square feet, the building offers a classic Chicago brick façade, building-owned common area laundry, and a coach house containing two of the five units. Positioned on a quiet residential block near parks, schools, retail, and major transit corridors, the property presents a reliable income stream with additional upside available through interior modernization and cosmetic upgrades.
PROPERTY FACTS
| Price Per Unit | $150,000 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 4.40% | Lot Size | 0.13 AC |
| Sale Condition | Bulk/Portfolio Sale | Building Size | 4,163 SF |
| Gross Rent Multiplier | 10.08 | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1921 |
| Property Subtype | Apartment | Parking Ratio | 0.24/1,000 SF |
| Zoning | RS-3 - RS-3 Zoning | ||
| Price Per Unit | $150,000 |
| Sale Type | Investment |
| Cap Rate | 4.40% |
| Sale Condition | Bulk/Portfolio Sale |
| Gross Rent Multiplier | 10.08 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 4,163 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1921 |
| Parking Ratio | 0.24/1,000 SF |
| Zoning | RS-3 - RS-3 Zoning |
AMENITIES
UNIT AMENITIES
- Ceiling Fans
- Hardwood Floors
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | - | 650 |
| 2+1 | 3 | - | 600 - 1,100 |
| 3+1 | 1 | - | 1,100 |
PROPERTY TAXES
| Parcel Number | 13-21-222-009-0000 | Improvements Assessment | $54,120 |
| Land Assessment | $19,530 | Total Assessment | $73,650 |
PROPERTY TAXES
Parcel Number
13-21-222-009-0000
Land Assessment
$19,530
Improvements Assessment
$54,120
Total Assessment
$73,650
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