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5526 N Artesian Ave 3 Unit Apartment Building $875,000 ($291,667/Unit) 4.25% Cap Rate Chicago, IL 60625
INVESTMENT HIGHLIGHTS
- Constructed in 1926 and elegantly renovated in 2020
- Offers significant opportunity for increased rental-income,
- Three fully leased units, achieving 100% occupancy
EXECUTIVE SUMMARY
Introducing a prime investment opportunity in the heart of Arcadia Terrace/Lincoln Square corridor, 5526 N. Artesian Ave. This meticulously maintained 3,600 SF building, constructed in 1926 and elegantly renovated in 2020, features three fully leased units, achieving 100% occupancy. The property offers significant opportunity for increased rental-income, as the garden unit is roughed-in for plumbing and electrical and provides ample ceiling height. With its classic charm and modern updates, this property offers a seamless investment prospect for multifamily and low-rise/garden investors. The building's impeccable condition, prime location, and strong rental history present a compelling opportunity for those seeking a turnkey investment in a desirable North Side Chicago market. Don't miss the chance to add this impressive property to your portfolio.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $875,000 | Apartment Style | Low-Rise |
| Price Per Unit | $291,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 4.25% | Building Size | 4,166 SF |
| Gross Rent Multiplier | 13.19 | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1926 |
| Property Subtype | Apartment | ||
| Zoning | RT-4 | ||
| Price | $875,000 |
| Price Per Unit | $291,667 |
| Sale Type | Investment |
| Cap Rate | 4.25% |
| Gross Rent Multiplier | 13.19 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 4,166 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1926 |
| Zoning | RT-4 |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Oven
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1 | 3 | $1,850 | - |
1 1
Walk Score®
Very Walkable (86)
PROPERTY TAXES
| Parcel Number | 13-12-208-027-0000 | Total Assessment | $71,858 |
| Land Assessment | $16,163 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $55,695 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
13-12-208-027-0000
Land Assessment
$16,163
Improvements Assessment
$55,695
Total Assessment
$71,858
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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5526 N Artesian Ave
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