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Chatam II 8054 S Ingleside Ave 45 Unit Apartment Building $2,650,000 ($58,889/Unit) 11.88% Cap Rate Chicago, IL 60619
INVESTMENT HIGHLIGHTS
- Roughly half of units renovated
- Approximately half of outdoor porches were rebuilt in 2024
- Three blocks from Avalon Park
- Newer Boiler and water heater
- Desirable unit mix
- Within a half mile of the Metra stops at 79th St (Chatham) and 83rd St (Avalon Park)
EXECUTIVE SUMMARY
Roughly half of units renovated
Newer Boiler and water heater
Approximately half of outdoor porches were rebuilt in 2024
Desirable unit mix
Three blocks from Avalon Park
Within a half mile of the Metra stops at 79th St (Chatham) and 83rd St (Avalon Park)
Newer Boiler and water heater
Approximately half of outdoor porches were rebuilt in 2024
Desirable unit mix
Three blocks from Avalon Park
Within a half mile of the Metra stops at 79th St (Chatham) and 83rd St (Avalon Park)
PROPERTY FACTS
| Price | $2,650,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $58,889 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.46 AC |
| Cap Rate | 11.88% | Building Size | 36,000 SF |
| No. Units | 45 | No. Stories | 4 |
| Property Type | Multifamily | Year Built/Renovated | 1929/2006 |
| Property Subtype | Apartment | ||
| Zoning | R-3, Chicago | ||
| Price | $2,650,000 |
| Price Per Unit | $58,889 |
| Sale Type | Investment |
| Cap Rate | 11.88% |
| No. Units | 45 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 36,000 SF |
| No. Stories | 4 |
| Year Built/Renovated | 1929/2006 |
| Zoning | R-3, Chicago |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Disposal
- Ceiling Fans
- Hardwood Floors
- Walk-In Closets
- Vinyl Flooring
- Wheelchair Accessible (Rooms)
- Window Coverings
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Courtyard
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 7 | - | - |
| 1+1 | 13 | - | - |
| 2+1 | 25 | - | - |
1 1
Walk Score®
Very Walkable (87)
PROPERTY TAXES
| Parcel Number | 20-35-109-027-0000 | Improvements Assessment | $266,358 |
| Land Assessment | $30,482 | Total Assessment | $296,840 |
PROPERTY TAXES
Parcel Number
20-35-109-027-0000
Land Assessment
$30,482
Improvements Assessment
$266,358
Total Assessment
$296,840
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Chatam II | 8054 S Ingleside Ave
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