Log In/Sign Up
Your email has been sent.
6927 S Hermitage Ave 3 Unit Apartment Building $359,000 ($119,667/Unit) 11.47% Cap Rate Chicago, IL 60636
Investment Highlights
- Property was recently renovated in 2020.
- Two common laundry rooms are available.
- All 3 units feature quality finishes and up-to-date appliances.
- Property features a 2-car garage.
Executive Summary
Renovated in 2020 and stabilized with 3 current tenants, two of which are on annual leases expiring 12/2026 and 12/2027 respectively with basement unit being Month to month with the option of vacancy at closing which offers flexibility to the investor that adds this property to their portfolio. All tenants are currently at or near Market Rates. Well maintained to date, all three units feature Condo Quality Finishes, SS Appliances, Central Heat, modern baths and kitchens. Units 1 and 2 have hardwood floors throughout while the basement features large ceramic tile through out. The building features two common laundry rooms, additional storage closets and a 2 car garage. Current Gross Proforma Rents $4015 monthly or $46,180 annually - Low Taxes = Positive Cash Flow for the investor seeking a turn key option!
Financial Summary (Pro Forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $359,000 | Building Class | C |
| Price Per Unit | $119,667 | Lot Size | 0.07 AC |
| Sale Type | Investment | Building Size | 2,412 SF |
| Cap Rate | 11.47% | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1909/2020 |
| Property Subtype | Apartment | Parking Ratio | 0.83/1,000 SF |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Zoning | 10 - LEGAL TWO FLAT WITH NON-CONFORMING BASEMENT IN LAW SUITE. BASEMENT UNIT HAS LEGAL HEIGHT AND EGRESS ALONG WITH WINDOWS AND CLOSETS IN BOTH BEDROOMS. | ||
| Price | $359,000 |
| Price Per Unit | $119,667 |
| Sale Type | Investment |
| Cap Rate | 11.47% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 2,412 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1909/2020 |
| Parking Ratio | 0.83/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | 10 - LEGAL TWO FLAT WITH NON-CONFORMING BASEMENT IN LAW SUITE. BASEMENT UNIT HAS LEGAL HEIGHT AND EGRESS ALONG WITH WINDOWS AND CLOSETS IN BOTH BEDROOMS. |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Eat-in Kitchen
- Kitchen
- Hardwood Floors
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Basement
Site Amenities
- Laundry Facilities
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $1,250 | 1,100 |
| 3+1 | 2 | $1,358 | 1,200 |
1 1
Walk Score®
Very Walkable (75)
Bike Score®
Very Bikeable (82)
Property Taxes
| Parcel Number | 20-19-421-014-0000 | Total Assessment | $14,000 (2025) |
| Land Assessment | $918 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $13,082 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
20-19-421-014-0000
Land Assessment
$918 (2025)
Improvements Assessment
$13,082 (2025)
Total Assessment
$14,000 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
1 of 21
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
6927 S Hermitage Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.