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815 S Bell Ave 4 Unit Apartment Building Offered at $925,000 at a 7.79% Cap Rate Chicago, IL 60612
EXECUTIVE SUMMARY
CASH ONLY BUYERS - Wonderful investment opportunity in the Tri-Taylor/Illinois Medical District with $72,029 proforma net income at 7.79% net ROI. Fully rented 4-unit building, well maintained and updated, with laundry in each unit. Large rooftop deck for summer enjoyment. Great location, minutes to the Loop, IL Medical District, UIC, I-290, and Blue Line. Beautiful quiet Cul-de-sac Street with residential permit parking. Cash flow data available upon request. 4 units including coach house. All tenants pay all utilities except water.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$93,000
|
$23.25
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$93,000
|
$23.25
|
| Taxes |
$10,439
|
$2.61
|
| Operating Expenses |
$10,532
|
$2.63
|
| Total Expenses |
$20,971
|
$5.24
|
| Net Operating Income |
$72,029
|
$18.01
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $93,000 |
| Annual Per SF | $23.25 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $93,000 |
| Annual Per SF | $23.25 |
| Taxes | |
|---|---|
| Annual | $10,439 |
| Annual Per SF | $2.61 |
| Operating Expenses | |
|---|---|
| Annual | $10,532 |
| Annual Per SF | $2.63 |
| Total Expenses | |
|---|---|
| Annual | $20,971 |
| Annual Per SF | $5.24 |
| Net Operating Income | |
|---|---|
| Annual | $72,029 |
| Annual Per SF | $18.01 |
PROPERTY FACTS
| Price | $925,000 | Lot Size | 0.07 AC |
| Price Per Unit | $231,250 | Building Size | 4,000 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 7.79% | No. Stories | 2 |
| No. Units | 4 | Year Built/Renovated | 1900/2020 |
| Property Type | Multifamily | ||
| Zoning | PD 30 | ||
| Price | $925,000 |
| Price Per Unit | $231,250 |
| Sale Type | Investment |
| Cap Rate | 7.79% |
| No. Units | 4 |
| Property Type | Multifamily |
| Lot Size | 0.07 AC |
| Building Size | 4,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1900/2020 |
| Zoning | PD 30 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1.5 | 2 | $2,200 | - |
| 2+1 | 1 | $1,900 | - |
| Studios | 1 | $1,450 | - |
1 1
Walk Score®
Very Walkable (84)
Transit Score®
Excellent Transit (73)
Bike Score®
Biker's Paradise (92)
PROPERTY TAXES
| Parcel Number | 17-18-317-008-0000 | Total Assessment | $55,000 |
| Land Assessment | $17,640 | Annual Taxes | $10,439 ($2.61/SF) |
| Improvements Assessment | $37,360 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
17-18-317-008-0000
Land Assessment
$17,640
Improvements Assessment
$37,360
Total Assessment
$55,000
Annual Taxes
$10,439 ($2.61/SF)
Tax Year
2024
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815 S Bell Ave
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