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905 W Dakin 905 W Dakin St 3 Unit Apartment Building $1,599,000 ($533,000/Unit) 4.19% Cap Rate Chicago, IL 60613



INVESTMENT HIGHLIGHTS
- 2 car garage for additional rental income
- Extremely customizable large units - 2 bedroom units can be flexed into a 3 bedroom
- All 3 units fully rented through 2026
EXECUTIVE SUMMARY
**PRIME** East Lakeview CLASSIC Greystone FOUR BLOCKS from WRIGLEY - Fully Renovated 3-Unit Investment with STRONG Cash Flow! On one of East Lakeview's most picturesque tree-lined blocks, this Greystone has been updated since its purchase with LARGE units boasting spacious floor plans, large living spaces, eat-ins, separate dining rooms, updated kitchens and bathrooms, separate HVAC systems, and more. Office / den spaces can easily be converted into third bedrooms or left as bonus rooms. With all three units leased through 2026, this is a turnkey investment with very strong cash flow in one of Chicago's most desirable rental markets. Unit 1 underwent a major renovation in 2024 with approximately $28K in improvements, including all new appliances and the addition of a private in-unit washer/dryer. The basement has plentiful tenant storage, maximizing functionality, and also has the convenience of a two-car brick garage. Ideally situated just BLOCKS from the lakefront, Wrigley, and two blocks from the Red Line 'L', the building is in a prime north side location to give tenants unbeatable access to Lakeview's restaurants, shops, and nightlife. With a proven rental history, this building is an excellent investment that provides immediate stability with long-term upside in one of Chicago's most sought-after neighborhoods.
FINANCIAL SUMMARY (ACTUAL - 2024) 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 |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024) 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 | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Microwave
- Storage Space
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Den
- Dining Room
- Family Room
- Office
- Large Bedrooms
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Gas Range
- Trash Pickup - Curbside
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 1 | - | - |
| 2+2 | 2 | - | - |
| 2+2 | 2 | - | - |
1 1
Walk Score®
Walker's Paradise (93)
Transit Score®
Excellent Transit (81)
Bike Score®
Very Bikeable (85)
PROPERTY TAXES
| Parcel Number | 14-20-206-011-0000 | Total Assessment | $108,000 |
| Land Assessment | $53,997 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $54,003 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
14-20-206-011-0000
Land Assessment
$53,997
Improvements Assessment
$54,003
Total Assessment
$108,000
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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905 W Dakin | 905 W Dakin St
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