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7948 S Dobson Ave 8 Unit Apartment Building $400,000 ($50,000/Unit) 10.50% Cap Rate Chicago, IL 60619
INVESTMENT HIGHLIGHTS
- California Style building
- Brand new roof installed in 2024
- All tenants on MTM leases
- Brick construction
- One unit completely remodeled in 2024
- Boiler building with baseboard heat
PROPERTY FACTS
| Price | $400,000 | Apartment Style | Low-Rise |
| Price Per Unit | $50,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Cap Rate | 10.50% | Building Size | 5,075 SF |
| Gross Rent Multiplier | 5 | No. Stories | 2 |
| No. Units | 8 | Year Built | 1963 |
| Property Type | Multifamily | Parking Ratio | 0.39/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | RS-3 - Residential Single-Unit District | ||
| Price | $400,000 |
| Price Per Unit | $50,000 |
| Sale Type | Investment |
| Cap Rate | 10.50% |
| Gross Rent Multiplier | 5 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 5,075 SF |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 0.39/1,000 SF |
| Zoning | RS-3 - Residential Single-Unit District |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | $900.00 | - |
1 1
Walk Score®
Very Walkable (85)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $28,612 | |
| Land Assessment | $9,688 | Total Assessment | $38,300 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$9,688
Improvements Assessment
$28,612
Total Assessment
$38,300
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7948 S Dobson Ave
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