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6357 S Mozart St 10 Unit Apartment Building $1,099,000 ($109,900/Unit) 12.74% Cap Rate Chicago, IL 60629
Executive Summary
10 unit, all brick building at 6357 S Mozart in the Marquette Park neighborhood. The building has great stabilized cash flow and all 10 units are rented (
Unit mix is eight 2br/1ba and two 1br/1ba.
The building is at a 13% cap rate at the $1.099M price point and has gross income of $173,880. It is well operated and has great tenants.
Unit mix is eight 2br/1ba and two 1br/1ba.
The building is at a 13% cap rate at the $1.099M price point and has gross income of $173,880. It is well operated and has great tenants.
Property Facts Under Contract
| Price | $1,099,000 | Building Class | C |
| Price Per Unit | $109,900 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 9,800 SF |
| Cap Rate | 12.74% | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1924/2011 |
| Property Subtype | Apartment | Parking Ratio | 1.09/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | R-2 | ||
| Price | $1,099,000 |
| Price Per Unit | $109,900 |
| Sale Type | Investment |
| Cap Rate | 12.74% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 9,800 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1924/2011 |
| Parking Ratio | 1.09/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R-2 |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Kitchen
- Hardwood Floors
- Yard
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 2+1 | 8 | - | - |
1 1
Walk Score®
Very Walkable (75)
Bike Score®
Very Bikeable (71)
Property Taxes
| Parcel Number | 19-24-107-023-0000 | Improvements Assessment | $71,077 |
| Land Assessment | $7,923 | Total Assessment | $79,000 |
Property Taxes
Parcel Number
19-24-107-023-0000
Land Assessment
$7,923
Improvements Assessment
$71,077
Total Assessment
$79,000
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6357 S Mozart St
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