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1126-1134 N Lawler Ave 12 Unit Apartment Building $2,761,320 CAD ($230,110 CAD/Unit) 8.60% Cap Rate Chicago, IL 60651
Investment Highlights
- Desirable Unit Mix: Six (6) 1bd/1ba and Eighteen (18) 2bd/2ba Units
- New Roof (2023)
- Strong Subsidized Tenant Base (~50%)
- New Porches (2023)
- Boiler Overhaul (2025)
Executive Summary
Kiser Group is pleased to exclusively offer for purchase 1124-1134 N. Lawler, an eighteen (18) unit walk-up located in Chicago’s historic Austin neighborhood. The property sits on a quiet, tree-lined street just steps away from Division St. and just three (3) blocks from Cicero Ave, which both feature an abundance of retail and public transit. Additionally, the property is located just two (2) blocks from the sizable La Follette (Robert) Park that contains an indoor pool & auditorium, plus athletic fields & playgrounds.
1124-1134 N. Lawler has an incredibly desirable unit composition and is currently comprised of six (6) 1Bd/1Ba units and eighteen (18) 2Bd/1Ba units, all of which feature hardwood flooring throughout. All of the units, have been renovated and equipped with updated kitchens and baths. Furthermore, the building boasts new porches (2023), new roof (2023), newer windows, and major boiler updates (2025).
1124-1134 N. Lawler presents an investor with a unique opportunity to acquire a strong, stabilized cash-flowing asset with an in-place cap rate of 8.6% from day one. Additionally, through improved leasing, management, and raising rents to levels already being achieved in the building, a new investor can realize a cap rate of 10.49% and cash returns of 19.22%.
1124-1134 N. Lawler has an incredibly desirable unit composition and is currently comprised of six (6) 1Bd/1Ba units and eighteen (18) 2Bd/1Ba units, all of which feature hardwood flooring throughout. All of the units, have been renovated and equipped with updated kitchens and baths. Furthermore, the building boasts new porches (2023), new roof (2023), newer windows, and major boiler updates (2025).
1124-1134 N. Lawler presents an investor with a unique opportunity to acquire a strong, stabilized cash-flowing asset with an in-place cap rate of 8.6% from day one. Additionally, through improved leasing, management, and raising rents to levels already being achieved in the building, a new investor can realize a cap rate of 10.49% and cash returns of 19.22%.
Property Facts
| Price | $2,761,320 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $230,110 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.35 AC |
| Cap Rate | 8.60% | Building Size | 22,200 SF |
| No. Units | 12 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1928 |
| Property Subtype | Apartment | ||
| Zoning | RS-3 - Residential | ||
| Price | $2,761,320 CAD |
| Price Per Unit | $230,110 CAD |
| Sale Type | Investment |
| Cap Rate | 8.60% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.35 AC |
| Building Size | 22,200 SF |
| No. Stories | 3 |
| Year Built | 1928 |
| Zoning | RS-3 - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Disposal
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | 850 |
| 2+1 | 18 | - | 950 |
1 1
Very walkable
80/100
Fairly drivable
50/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 16-04-402-036-0000 | Improvements Assessment | $123,506 CAD |
| Land Assessment | $12,501 CAD | Total Assessment | $136,007 CAD |
Property Taxes
Parcel Number
16-04-402-036-0000
Land Assessment
$12,501 CAD
Improvements Assessment
$123,506 CAD
Total Assessment
$136,007 CAD
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1126-1134 N Lawler Ave
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