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932 N Richmond St - 930-932 N. Richmond St 4 Unit Apartment Building Offered at $1,299,000 at a 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 Type | Multifamily |
| Price Per Unit | $324,750 | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 5,400 SF |
| Cap Rate | 6.55% | No. Stories | 2 |
| Gross Rent Multiplier | 10.57 | Year Built | 1900 |
| No. Units | 4 | 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 |
| 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 (73)
Bike Score®
Very Bikeable (89)
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932 N Richmond St - 930-932 N. Richmond St
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