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Marengo Apartments 1214 Marengo Ave 6 Unit Apartment Building $1,371,110 CAD ($228,518 CAD/Unit) 8.35% Cap Rate Forest Park, IL 60130
Executive Summary
2 Story Brick/ Stone 6-Flat building. Great unit mix: four 1-bedroom and two 2-bedroom apartments. 5 surface parking spaces. Newer gas hot water baseboard heat with individual zone valves, 1 gas fired hot water tank, individual electric meters with panels in the units and basement storage locker for each tenant. Half the building has been fully rehabed with the other half updated. Beautifully landscaped! Solid investment property on a quiet residential street.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,371,110 CAD | Apartment Style | Garden |
| Price Per Unit | $228,518 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 8.35% | Building Size | 4,600 SF |
| Gross Rent Multiplier | 8.7 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1965 |
| Property Subtype | Apartment | Parking Ratio | 1.09/1,000 SF |
| Zoning | R-1 - Low Density Residential | ||
| Price | $1,371,110 CAD |
| Price Per Unit | $228,518 CAD |
| Sale Type | Investment |
| Cap Rate | 8.35% |
| Gross Rent Multiplier | 8.7 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 4,600 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 1.09/1,000 SF |
| Zoning | R-1 - Low Density Residential |
Amenities
- Smoke Detector
Unit Amenities
- Dishwasher
- Microwave
- Storage Space
- Heating
- Ceiling Fans
- Kitchen
- Hardwood Floors
- Refrigerator
- Range
- Tub/Shower
- Window Coverings
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $2,012 CAD | 675 |
| 2+1 | 2 | $2,374 CAD | 800 |
1 1
Very walkable
80/100
Moderately drivable
70/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 15-24-203-007-0000 | Total Assessment | $70,022 CAD (2025) |
| Land Assessment | $6,460 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $63,562 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
15-24-203-007-0000
Land Assessment
$6,460 CAD (2025)
Improvements Assessment
$63,562 CAD (2025)
Total Assessment
$70,022 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
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Marengo Apartments | 1214 Marengo Ave
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