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Woodlawn 6600 S Ingleside Ave 28 Unit Apartment Building $3,640,000 ($130,000/Unit) 8.25% Cap Rate Chicago, IL 60637
Executive Summary
CRER is pleased to present 6600 S Ingleside Ave, a 28-unit apartment building located in Chicago’s Woodlawn neighborhood. The property includes a desirable unit mix consisting of (21) 2-bedroom, 1 bath and (7) 1-bedroom, 1 bath units. Each apartment includes spacious floor plans with updated kitchen and baths throughout. The building is heated via a central boiler and on-site amenities include a laundry room.
Property Facts
| Price | $3,640,000 | Apartment Style | Low-Rise |
| Price Per Unit | $130,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.29 AC |
| Cap Rate | 8.25% | Building Size | 24,000 SF |
| Gross Rent Multiplier | 7.31 | Average Occupancy | 89% |
| No. Units | 28 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1924 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $3,640,000 |
| Price Per Unit | $130,000 |
| Sale Type | Investment |
| Cap Rate | 8.25% |
| Gross Rent Multiplier | 7.31 |
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.29 AC |
| Building Size | 24,000 SF |
| Average Occupancy | 89% |
| No. Stories | 3 |
| Year Built | 1924 |
| Opportunity Zone |
Yes |
Amenities
Unit Amenities
- Heating
- Kitchen
- Hardwood Floors
- Tub/Shower
- Carpet
Site Amenities
- 24 Hour Access
- Controlled Access
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | - | 700 |
| 2+1 | 21 | - | 900 |
1 1
Very walkable
80/100
Very drivable
80/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 20-23-122-019-0000 | Improvements Assessment | $213,226 |
| Land Assessment | $15,474 | Total Assessment | $228,700 |
Property Taxes
Parcel Number
20-23-122-019-0000
Land Assessment
$15,474
Improvements Assessment
$213,226
Total Assessment
$228,700
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Woodlawn | 6600 S Ingleside Ave
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