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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 $3965 monthly or $47,580 annually - Low Taxes = Positive Cash Flow for the investor seeking a turn key option! Last Buyer couldn't perform. Building and numbers are solid. Bring me a strong offer!
Financial Summary (Pro Forma - 2025) 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 - 2025) 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 Under Contract
| 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
Moderately walkable
60/100
Moderately drivable
60/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 20-19-421-014-0000 | Total Assessment | $14,000 |
| Land Assessment | $918 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $13,082 | Tax Year | 2025 |
Property Taxes
Parcel Number
20-19-421-014-0000
Land Assessment
$918
Improvements Assessment
$13,082
Total Assessment
$14,000
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Contact the Sale Advisor
6927 S Hermitage Ave