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7127 S Normal Blvd 6 Unit Apartment Building $775,000 ($129,167/Unit) 13.64% Cap Rate Chicago, IL 60621



Investment Highlights
- Fully renovated six-unit building with modern finishes throughout.
- Brand-new kitchens featuring quartz countertops, new cabinetry, stylish backsplashes, and stainless steel appliances.
- Recent capital improvements include 100% new plumbing, electrical systems, and a brand-new tear-off roof.
- Excellent unit mix: four 3-bedroom apartments and two 5-bedroom duplex units.
- In-unit laundry, hardwood flooring, and separate furnaces with central A/C in every unit.
- All utilities separately metered; tenants pay their own gas and electricity, plus on-site parking for added convenience.
Executive Summary
7127 S Normal Blvd presents a rare chance to acquire a jumbo center-entrance six-unit property that has been completely renovated from top to bottom. This impressive asset offers an excellent unit mix, featuring four spacious 3-bedroom apartments and two expansive 5-bedroom duplex units, delivering strong rental appeal and income potential.
Every unit has been thoughtfully upgraded with brand-new plumbing, electrical systems, and modern finishes throughout. Interiors showcase gleaming hardwood floors, in-unit laundry, and individual furnaces with central A/C for tenant comfort. Kitchens have been fully redesigned with new cabinetry, quartz countertops, stylish backsplashes, premium plumbing fixtures, and stainless steel appliances. Bathrooms have been completely updated for a contemporary look and feel.
The property also boasts a brand-new tear-off roof, ensuring long-term durability and minimal near-term maintenance. All utilities are separately metered, with tenants responsible for their own gas and electricity, reducing operating expenses for ownership. A rear parking area provides added convenience for residents.
This turnkey building combines modern amenities, efficient systems, and a desirable unit mix, making it an outstanding opportunity for investors seeking immediate cash flow and long-term value in a strong rental market.
Every unit has been thoughtfully upgraded with brand-new plumbing, electrical systems, and modern finishes throughout. Interiors showcase gleaming hardwood floors, in-unit laundry, and individual furnaces with central A/C for tenant comfort. Kitchens have been fully redesigned with new cabinetry, quartz countertops, stylish backsplashes, premium plumbing fixtures, and stainless steel appliances. Bathrooms have been completely updated for a contemporary look and feel.
The property also boasts a brand-new tear-off roof, ensuring long-term durability and minimal near-term maintenance. All utilities are separately metered, with tenants responsible for their own gas and electricity, reducing operating expenses for ownership. A rear parking area provides added convenience for residents.
This turnkey building combines modern amenities, efficient systems, and a desirable unit mix, making it an outstanding opportunity for investors seeking immediate cash flow and long-term value in a strong rental market.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| 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 - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| 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 | $775,000 | Apartment Style | Low-Rise |
| Price Per Unit | $129,167 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 13.64% | Building Size | 6,600 SF |
| Gross Rent Multiplier | 5.62 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1904/2025 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | RT-4 - RT-4 | ||
| Price | $775,000 |
| Price Per Unit | $129,167 |
| Sale Type | Investment |
| Cap Rate | 13.64% |
| Gross Rent Multiplier | 5.62 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 6,600 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1904/2025 |
| Opportunity Zone |
Yes |
| Zoning | RT-4 - RT-4 |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Heating
- Ceiling Fans
- Kitchen
- Granite Countertops
- Hardwood Floors
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Smoke Free
- Trash Pickup - Curbside
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 4 | $1,750 | 1,000 |
| 5+2 | 2 | $2,250 | 1,300 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 20-28-106-005-0000 | Total Assessment | $29,000 (2025) |
| Land Assessment | $1,875 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $27,125 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
20-28-106-005-0000
Land Assessment
$1,875 (2025)
Improvements Assessment
$27,125 (2025)
Total Assessment
$29,000 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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Presented by
Halsted Taylor Real Estate
7127 S Normal Blvd
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