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6355-6357 S Francisco Ave 10 Unit Apartment Building $649,900 ($64,990/Unit) 8.42% Cap Rate Chicago, IL 60629

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Executive Summary

Rarely available 10 unit brick apartment building with corner-lot visibility offering a compelling value add opportunity with strong rental repositioning upside. The property features a desirable unit mix of seven two bedroom/one bath units and three one bedroom/one bath units. Additional growth potential exists through the conversion of two non conforming spaces into income producing residential units, allowing investors to further scale returns.

Financial Summary (Pro Forma - 2026)	Annual	Annual Per SF
Gross Rental Income	$145,200	$15.31
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$145,200	$15.31
Taxes	-	-
Operating Expenses	-	-
Total Expenses	$56,844	$5.99
Net Operating Income	$88,356	$9.32

Financial Summary (Pro Forma - 2026)

Gross Rental Income
Annual	$145,200
Annual Per SF	$15.31

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$145,200
Annual Per SF	$15.31

Taxes
Annual	-
Annual Per SF	-

Operating Expenses
Annual	-
Annual Per SF	-

Total Expenses
Annual	$56,844
Annual Per SF	$5.99

Net Operating Income
Annual	$88,356
Annual Per SF	$9.32

Property Facts

Price	$649,900	Property Subtype	Apartment
Price Per Unit	$64,990	Apartment Style	Low-Rise
Sale Type	Investment	Building Class	C
Cap Rate	8.42%	Lot Size	0.17 AC
Sale Conditions	Distress Sale REO Sale	Building Size	9,484 SF
Gross Rent Multiplier	4.48	No. Stories	2
No. Units	10	Year Built	1925
Property Type	Multifamily	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	R-3 - Multifamily Residential

Price	$649,900
Price Per Unit	$64,990
Sale Type	Investment
Cap Rate	8.42%
Sale Conditions	Distress Sale REO Sale
Gross Rent Multiplier	4.48
No. Units	10
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.17 AC
Building Size	9,484 SF
No. Stories	2
Year Built	1925
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	R-3 - Multifamily Residential