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Portage Park Multi-Family 5-Unit Apartments 6046 W Giddings 5 Unit Apartment Building $999,999 ($200,000/Unit) 8.51% Cap Rate Chicago, IL 60630
Executive Summary
Investment property- Great opportunity. Recent work completed- All 5 units are updated/All 5 rented- actual rent numbers listed. All units have their own utilities & furnace & central A/C. Wide lot. 6 Exterior Parking Spots, 2 Car Garage Spots. Coin Laundry. Tenants Pay Utilities. See comps or request comps for similar cash flow. Lower utility costs/Taxes here compared to comps in this area.
Property Facts
| Price | $999,999 | Apartment Style | Low-Rise |
| Price Per Unit | $200,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 8.51% | Building Size | 4,425 SF |
| Gross Rent Multiplier | 11 | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1910 |
| Property Subtype | Apartment | Parking Ratio | 1.81/1,000 SF |
| Zoning | RS-2 - Residential Single-Unit District | ||
| Price | $999,999 |
| Price Per Unit | $200,000 |
| Sale Type | Investment |
| Cap Rate | 8.51% |
| Gross Rent Multiplier | 11 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 4,425 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1910 |
| Parking Ratio | 1.81/1,000 SF |
| Zoning | RS-2 - Residential Single-Unit District |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Hardwood Floors
- Yard
- Deck
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $1,570 | 1,000 |
| 3+1 | 1 | $1,925 | 1,200 |
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Moderately walkable
70/100
Moderately drivable
70/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 13-17-105-030-0000 | Improvements Assessment | $46,333 |
| Land Assessment | $28,560 | Total Assessment | $74,893 |
Property Taxes
Parcel Number
13-17-105-030-0000
Land Assessment
$28,560
Improvements Assessment
$46,333
Total Assessment
$74,893
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Portage Park Multi-Family 5-Unit Apartments | 6046 W Giddings