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1133 N Winchester Ave 6 Unit Apartment Building $2,829,794 CAD ($471,632 CAD/Unit) 6.87% Cap Rate Chicago, IL 60622



Investment Highlights
- Recent full rehab
- 1 block from Division Ave
Executive Summary
Exceptional turn key property on one of the best blocks in East Village/Wicker park area. Two Beautiful buildings on one site that you will be proud to own. Comprise of six units between two buildings - four units in front and 2 units in rear. The property consists of two 2 bed 2 bath, one 2 bed 1 bath, one 4 bed 2 bath duplexes, one 1 bed 1 bath, and one 1 bed 1 bath with a den. The vintage units received a complete gut renovation in 2022 but still retain their charm. Each apartment features new kitchens, bathrooms, hardwood floors, stainless steel appliances, HVAC, and in-unit laundry. Clean and cared for, thoughtfully managed with plenty upside left for next owner. Landmarked building on Landmarked block - East Village District. Located at just a stones throw to Division St and all the attractions that tenants love.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$260,095
|
$52.02
|
| Other Income |
$10,964
|
$2.19
|
| Vacancy Loss |
$7,802
|
$1.56
|
| Effective Gross Income |
$263,257
|
$52.65
|
| Taxes |
$36,912
|
$7.38
|
| Operating Expenses |
$31,984
|
$6.40
|
| Total Expenses |
$68,895
|
$13.78
|
| Net Operating Income |
$194,362
|
$38.87
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $260,095 |
| Annual Per SF | $52.02 |
| Other Income (CAD) | |
|---|---|
| Annual | $10,964 |
| Annual Per SF | $2.19 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $7,802 |
| Annual Per SF | $1.56 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $263,257 |
| Annual Per SF | $52.65 |
| Taxes (CAD) | |
|---|---|
| Annual | $36,912 |
| Annual Per SF | $7.38 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $31,984 |
| Annual Per SF | $6.40 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $68,895 |
| Annual Per SF | $13.78 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $194,362 |
| Annual Per SF | $38.87 |
Property Facts
| Price | $2,829,794 CAD | Building Class | C |
| Price Per Unit | $471,632 CAD | Lot Size | 0.07 AC |
| Sale Type | Investment | Building Size | 5,000 SF |
| Cap Rate | 6.87% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1916/2022 |
| Property Subtype | Apartment | Parking Ratio | 1.2/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RT4 - Multi-family | ||
| Price | $2,829,794 CAD |
| Price Per Unit | $471,632 CAD |
| Sale Type | Investment |
| Cap Rate | 6.87% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 5,000 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1916/2022 |
| Parking Ratio | 1.2/1,000 SF |
| Zoning | RT4 - Multi-family |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | $2,884 CAD | 550 - 700 |
| 2+2 | 2 | $3,684 CAD | 900 |
| 4+2 | 1 | $5,947 CAD | 1,400 |
| 1+1 | 1 | $2,591 CAD | 500 |
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Walk Score®
Walker's Paradise (95)
Transit Score®
Excellent Transit (77)
Bike Score®
Biker's Paradise (98)
Property Taxes
| Parcel Number | 17-06-401-014-0000 | Total Assessment | $183,186 CAD |
| Land Assessment | $37,167 CAD | Annual Taxes | $36,912 CAD ($7.38 CAD/SF) |
| Improvements Assessment | $146,019 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
17-06-401-014-0000
Land Assessment
$37,167 CAD
Improvements Assessment
$146,019 CAD
Total Assessment
$183,186 CAD
Annual Taxes
$36,912 CAD ($7.38 CAD/SF)
Tax Year
2025
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1133 N Winchester Ave
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