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1136 W Diversey Pkwy 4 Unit Apartment Building $3,478,225 CAD ($869,556 CAD/Unit) 6.06% Cap Rate Chicago, IL 60614
Investment Highlights
- Prime Location in Desirable Lakeview Neighborhood
- Large Floorplans with Condo Quality Finishes
- Stabilized Ground Floor Retail Tenant
- Close Proximity to Diversey 'L' Station
- Value-Add Opportunity with 2 of 3 Units
Executive Summary
Interra Realty has been exclusively engaged to market 1136 W. Diversey Avenue, Chicago, for sale. The subject investment property is a newer construction mixed-use asset on the border of the Lakeview and Lincoln Park Neighborhoods of Chicago’s northside.
The 2006 construction property is comprised of three, full floor, three bedroom / 2 bathroom apartments over a street-level commercial space. All apartments feature condo quality finishes (individual HVAC and hot water heaters, fireplaces, in-unit laundry, granite countertops, stainless steel appliances, etc) and private outdoor spaces. The top floor unit has been more recently modernized and features a massive private rooftop deck, which is partially covered. The commercial space is occupied by a title company at a below market rate.
A new investor has the opportunity to acquire a stable asset with high-demand apartments in a prime northside location.
The 2006 construction property is comprised of three, full floor, three bedroom / 2 bathroom apartments over a street-level commercial space. All apartments feature condo quality finishes (individual HVAC and hot water heaters, fireplaces, in-unit laundry, granite countertops, stainless steel appliances, etc) and private outdoor spaces. The top floor unit has been more recently modernized and features a massive private rooftop deck, which is partially covered. The commercial space is occupied by a title company at a below market rate.
A new investor has the opportunity to acquire a stable asset with high-demand apartments in a prime northside location.
Property Facts
| Price | $3,478,225 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $869,556 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 6.06% | Building Size | 13,692 SF |
| No. Units | 4 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 2006 |
| Property Subtype | Apartment | ||
| Zoning | C1-2 | ||
| Price | $3,478,225 CAD |
| Price Per Unit | $869,556 CAD |
| Sale Type | Investment |
| Cap Rate | 6.06% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.14 AC |
| Building Size | 13,692 SF |
| No. Stories | 4 |
| Year Built | 2006 |
| Zoning | C1-2 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 2 | $7,128 CAD | - |
| 3+2 | 1 | $7,652 CAD | - |
1 1
Exceptionally walkable
100/100
Moderately drivable
60/100
Strong public transit
80/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 14-29-227-058-0000 | Improvements Assessment | $196,909 CAD |
| Land Assessment | $76,554 CAD | Total Assessment | $273,463 CAD |
Property Taxes
Parcel Number
14-29-227-058-0000
Land Assessment
$76,554 CAD
Improvements Assessment
$196,909 CAD
Total Assessment
$273,463 CAD
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1136 W Diversey Pkwy
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