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930-932 N. Richmond St 932 N Richmond St 4 Unit Apartment Building $1,299,000 ($324,750/Unit) 6.55% Cap Rate Chicago, IL 60622
Investment Highlights
- Two separate all-brick buildings (2 units each) situated on an extra-wide lot
- Located just one block east of scenic Humboldt Park
- First-floor duplex-down units in each building with spacious room sizes throughout
- Abundant outdoor space ideal for entertaining and enjoyment
Executive Summary
930 North Richmond Street is a fully updated 4-unit multifamily asset located in the heart of Humboldt Park, offering investors a rare combination of turnkey condition, high-quality interior finishes, and a unit layout that aligns with today’s renter preferences.
In recent years, Humboldt Park has benefited from meaningful reinvestment along key commercial corridors, including Division Street, North Avenue, and Western Avenue. These corridors have seen a growing mix of restaurants, cafés, and neighborhood retail, further strengthening the area’s livability and driving increased interest from both renters and owner-occupants. As the area continues to appreciate, renovated multifamily assets with strong unit profiles are increasingly sought after by both renters and long-term investors.
In recent years, Humboldt Park has benefited from meaningful reinvestment along key commercial corridors, including Division Street, North Avenue, and Western Avenue. These corridors have seen a growing mix of restaurants, cafés, and neighborhood retail, further strengthening the area’s livability and driving increased interest from both renters and owner-occupants. As the area continues to appreciate, renovated multifamily assets with strong unit profiles are increasingly sought after by both renters and long-term investors.
Financial Summary (Actual - 2025) 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 |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) 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 | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,299,000 | Property Subtype | Apartment |
| Price Per Unit | $324,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 6.55% | Building Size | 5,400 SF |
| Gross Rent Multiplier | 10.57 | No. Stories | 2 |
| No. Units | 4 | Year Built | 1900 |
| Property Type | Multifamily | Parking Ratio | 0.37/1,000 SF |
| Zoning | RS-3 | ||
| Price | $1,299,000 |
| Price Per Unit | $324,750 |
| Sale Type | Investment |
| Cap Rate | 6.55% |
| Gross Rent Multiplier | 10.57 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 5,400 SF |
| No. Stories | 2 |
| Year Built | 1900 |
| Parking Ratio | 0.37/1,000 SF |
| Zoning | RS-3 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Storage Space
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Tub/Shower
- Yard
- Dining Room
- Office
- Porch
- Vinyl Flooring
- Large Bedrooms
Site Amenities
- Laundry Facilities
- Storage Space
- Bicycle Storage
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | $2,300 | 900 - 1,300 |
| 3+2 | 2 | $2,698 | 1,600 |
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Walk Score®
Very Walkable (82)
Bike Score®
Biker's Paradise (90)
Property Taxes
| Parcel Number | 16-01-314-010-0000 | Total Assessment | $85,424 |
| Land Assessment | $26,247 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $59,177 | Tax Year | 2025 |
Property Taxes
Parcel Number
16-01-314-010-0000
Land Assessment
$26,247
Improvements Assessment
$59,177
Total Assessment
$85,424
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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930-932 N. Richmond St | 932 N Richmond St
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