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105 E Grove St 12 Unit Apartment Building $2,791,840 CAD ($232,653 CAD/Unit) 6.27% Cap Rate Lombard, IL 60148
INVESTMENT HIGHLIGHTS
- 12 Units
- Zoned R6
- Built 1960
EXECUTIVE SUMMARY
Presenting an exceptional multifamily investment opportunity in
Lombard, IL. This distinguished property comprises a 7,208 SF
building offering 12 units, providing a compelling investment
proposition for multifamily low-rise/garden investors. Built in 1960
and strategically zoned R6, this property embodies strong potential
for income generation and long-term value. Situated in the sought-
after Lombard area, this property offers a combination of well-
defined living spaces and a favorable zoning designation, making it
a promising asset for investors seeking a lucrative addition to their
portfolio in the dynamic Lombard market.
Lombard, IL. This distinguished property comprises a 7,208 SF
building offering 12 units, providing a compelling investment
proposition for multifamily low-rise/garden investors. Built in 1960
and strategically zoned R6, this property embodies strong potential
for income generation and long-term value. Situated in the sought-
after Lombard area, this property offers a combination of well-
defined living spaces and a favorable zoning designation, making it
a promising asset for investors seeking a lucrative addition to their
portfolio in the dynamic Lombard market.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$273,712
|
$37.97
|
| Other Income |
$7,705
|
$1.07
|
| Vacancy Loss |
$11,240
|
$1.56
|
| Effective Gross Income |
$270,178
|
$37.48
|
| Taxes |
$37,531
|
$5.21
|
| Operating Expenses |
$57,554
|
$7.98
|
| Total Expenses |
$95,084
|
$13.19
|
| Net Operating Income |
$175,093
|
$24.29
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $273,712 |
| Annual Per SF | $37.97 |
| Other Income (CAD) | |
|---|---|
| Annual | $7,705 |
| Annual Per SF | $1.07 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $11,240 |
| Annual Per SF | $1.56 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $270,178 |
| Annual Per SF | $37.48 |
| Taxes (CAD) | |
|---|---|
| Annual | $37,531 |
| Annual Per SF | $5.21 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $57,554 |
| Annual Per SF | $7.98 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $95,084 |
| Annual Per SF | $13.19 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $175,093 |
| Annual Per SF | $24.29 |
PROPERTY FACTS Under Contract
| Price | $2,791,840 CAD | Building Class | C |
| Price Per Unit | $232,653 CAD | Lot Size | 0.32 AC |
| Sale Type | Investment | Building Size | 7,208 SF |
| Cap Rate | 6.27% | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 1.66/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | M | ||
| Price | $2,791,840 CAD |
| Price Per Unit | $232,653 CAD |
| Sale Type | Investment |
| Cap Rate | 6.27% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 7,208 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.66/1,000 SF |
| Zoning | M |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 12 | - | 700 |
1 1
Walk Score®
Very Walkable (80)
Bike Score®
Very Bikeable (80)
PROPERTY TAXES
| Parcel Number | 06-08-103-001 | Total Assessment | $483,952 CAD (2024) |
| Land Assessment | $110,432 CAD (2024) | Annual Taxes | $37,531 CAD ($5.21 CAD/SF) |
| Improvements Assessment | $373,520 CAD (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
06-08-103-001
Land Assessment
$110,432 CAD (2024)
Improvements Assessment
$373,520 CAD (2024)
Total Assessment
$483,952 CAD (2024)
Annual Taxes
$37,531 CAD ($5.21 CAD/SF)
Tax Year
2025
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105 E Grove St
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