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6636 W 65th St 45 Unit Apartment Building For Sale 5.73% Cap Rate Chicago, IL 60638
Investment Highlights
- In-place income is 30% below market
- 85% 2 bedroom /2 bath units
- In-place cap rate 5.73%
- 45 total units in 2 adjacent buildings
- 2013 and 2017 Construction
Executive Summary
Prime location!!!! 6614 - 6636 W. 65th Street, Chicago, IL 60638 - two adjacent buildings being offered as a portfolio. The 6636 building offers (16) 2 bedroom / 2 full bathroom units, elevator and indoor garage parking for 16 vehicles. The 6614 building offers 29 units with the majority consisting of 2 bedroom/2 full bathroom units. All 45 apartments feature central HVAC and in unit washer and dryer. Contact broker for offering memorandum.
Property Facts
| Sale Type | Investment | Building Class | B |
| Cap Rate | 5.73% | Lot Size | 1.84 AC |
| No. Units | 45 | Building Size | 64,502 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 5 |
| Apartment Style | Mid-Rise | Year Built | 2009 |
| Zoning | RT-4 - Residential Two-Flat, Townhouse, and Multi-Unit District | ||
| Sale Type | Investment |
| Cap Rate | 5.73% |
| No. Units | 45 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 1.84 AC |
| Building Size | 64,502 SF |
| Average Occupancy | 100% |
| No. Stories | 5 |
| Year Built | 2009 |
| Zoning | RT-4 - Residential Two-Flat, Townhouse, and Multi-Unit District |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Washer/Dryer
- Vaulted Ceiling
- Wheelchair Accessible (Rooms)
Site Amenities
- Security System
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
| 2+2 | 38 | - | - |
| 3+2 | 1 | - | - |
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 19-19-213-036-0000 | Improvements Assessment | $165,917 |
| Land Assessment | $36,383 | Total Assessment | $202,300 |
Property Taxes
Parcel Number
19-19-213-036-0000
Land Assessment
$36,383
Improvements Assessment
$165,917
Total Assessment
$202,300
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6636 W 65th St
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