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AIA /// 9 UNITS /// BEVERLY 10338 S Walden Pky 9 Unit Apartment Building $2,417,100 CAD ($268,567 CAD/Unit) 10.76% Cap Rate Chicago, IL 60643
Investment Highlights
- Prime Beverly Location
- Off-Street Parking Included
- Steps to Metra Train Station
- All 2-Bedroom Apartments
- Mostly CHA Mobility Tenants
- Professionally Managed
Executive Summary
This apartment investment is located in the historic Beverly neighborhood on the southwest side of Chicago, Illinois. The property includes a 9-unit apartment building, consisting entirely of 2-bedroom apartments, a building-owned laundry facility, and off-street parking. The building is master metered for heat, hot water, and cooking gas, while sub-metered for electric. This offering provides a new investor the opportunity to acquire a building in a desirable submarket with, strong in-place cash flow providing double-digit total returns, and with further rental upside.
Property Facts
| Price | $2,417,100 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $268,567 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.08 AC |
| Cap Rate | 10.76% | Building Size | 9,960 SF |
| Gross Rent Multiplier | 6.67 | Average Occupancy | 100% |
| No. Units | 9 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1970 |
| Property Subtype | Apartment | ||
| Zoning | RT-4 | ||
| Price | $2,417,100 CAD |
| Price Per Unit | $268,567 CAD |
| Sale Type | Investment |
| Cap Rate | 10.76% |
| Gross Rent Multiplier | 6.67 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 9,960 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1970 |
| Zoning | RT-4 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 9 | - | - |
1 1
Fairly walkable
50/100
Very drivable
80/100
Strong public transit
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 25-18-200-028-0000 | Improvements Assessment | $97,027 CAD |
| Land Assessment | $18,305 CAD | Total Assessment | $115,332 CAD |
Property Taxes
Parcel Number
25-18-200-028-0000
Land Assessment
$18,305 CAD
Improvements Assessment
$97,027 CAD
Total Assessment
$115,332 CAD
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AIA /// 9 UNITS /// BEVERLY | 10338 S Walden Pky
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