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5342 N Kedzie Ave
Chicago, IL 60625
Multifamily Property For Sale
·
12 Units
INVESTMENT HIGHLIGHTS
- Building-Owned Common Area Laundry
- 7 Rear Surface Parking Spaces
- Steel Porches (Replaced ~2022)
EXECUTIVE SUMMARY
5342-46 N. Kedzie is a 12-unit multi-family asset offered as part of the Gary R. Carlson Northwest Side Portfolio, located in Chicago’s North Park neighborhood. The property features a desirable and efficient mix of ten 1-bedroom apartments and two studio units, appealing to the strong renter base within this university- and transit-oriented submarket. Built in 1965 with 7,800 rentable square feet, the exterior courtyard building includes a durable masonry exterior, building-owned common area laundry, and steel porches replaced around 2022. Ownership pays for heat, gas, and water, while tenants pay for electric, creating streamlined operations. Supported by 7 rear surface parking spaces and located near Northeastern Illinois University, North Park University, and major transit routes, the asset offers consistent rental demand with additional upside through interior modernization. B1-1 Zoning.
PROPERTY FACTS
| Price Per Unit | $120,833 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 4.58% | Lot Size | 0.22 AC |
| Sale Condition | Bulk/Portfolio Sale | Building Size | 7,800 SF |
| Gross Rent Multiplier | 9.5 | Average Occupancy | 75% |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1965 |
| Property Subtype | Apartment | Parking Ratio | 0.9/1,000 SF |
| Zoning | B1-1 - B1-1 Zoning. | ||
| Price Per Unit | $120,833 |
| Sale Type | Investment |
| Cap Rate | 4.58% |
| Sale Condition | Bulk/Portfolio Sale |
| Gross Rent Multiplier | 9.5 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 7,800 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 0.9/1,000 SF |
| Zoning | B1-1 - B1-1 Zoning. |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Courtyard
- Laundry Facilities
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 2 | - | 400 |
| 1+1 | 10 | - | 700 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $66,950 | |
| Land Assessment | $32,550 | Total Assessment | $99,500 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$32,550
Improvements Assessment
$66,950
Total Assessment
$99,500
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