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7850 S Burnham Ave 13 Unit Apartment Building $860,000 ($66,154/Unit) 9.21% Cap Rate Chicago, IL 60649
Investment Highlights
- New Mechanicals
- Highly Desirable Location in South Shore
Executive Summary
Prime Value-Add investment opportunity for this 13-unit m/u property. Comprised of (8) 2 Bedroom/1Bath Units, (2) 1 Bedroom/1 Bath units, and 3 leased commercial spaces. New boiler and Electric. Roof is is excellent condition. Half of the apartments have been completely remodeled to leverage higher market rents. New owner can complete rehab of additional units and leverage appreciation of market rents. Strong opportunity to upsize several units to add bedroom count.
Financial Summary (Actual - 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 |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 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 | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| 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
1 1
Walk Score®
Very Walkable (73)
Property Taxes
| Parcel Number | 21-30-331-037-0000 | Improvements Assessment | $45,099 (2025) |
| Land Assessment | $7,534 (2025) | Total Assessment | $52,633 (2025) |
Property Taxes
Parcel Number
21-30-331-037-0000
Land Assessment
$7,534 (2025)
Improvements Assessment
$45,099 (2025)
Total Assessment
$52,633 (2025)
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7850 S Burnham Ave
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