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Apartment Building 1322 E 9th St 6 Unit Apartment Building $1,387,811 CAD ($231,302 CAD/Unit) 6% Cap Rate Lockport, IL 60441
Investment Highlights
- Location
Executive Summary
Well maintained 3 story apartment building. The 2nd floor units are 2bed/2bath about 1200 SF. Building units are partially renovated since renovations were done in between Move out/Move in new tenants. Owner lives in one of the first floor units which are 1 bedrroom,1 bath and can be rented for $1200 prior to sale. First floor also has storage closets per unit and laundry room.
Call with any Questions to Maria or Beata
815-483-0361
Call with any Questions to Maria or Beata
815-483-0361
Data Room Click Here to Access
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$125,028
|
$20.84
|
| Other Income |
$5,001
|
$0.83
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$130,029
|
$21.67
|
| Taxes |
$19,871
|
$3.31
|
| Operating Expenses |
$22,227
|
$3.70
|
| Total Expenses |
$42,098
|
$7.02
|
| Net Operating Income |
$87,931
|
$14.66
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $125,028 |
| Annual Per SF | $20.84 |
| Other Income (CAD) | |
|---|---|
| Annual | $5,001 |
| Annual Per SF | $0.83 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $130,029 |
| Annual Per SF | $21.67 |
| Taxes (CAD) | |
|---|---|
| Annual | $19,871 |
| Annual Per SF | $3.31 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $22,227 |
| Annual Per SF | $3.70 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $42,098 |
| Annual Per SF | $7.02 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $87,931 |
| Annual Per SF | $14.66 |
Property Facts
| Price | $1,387,811 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $231,302 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.22 AC |
| Cap Rate | 6% | Building Size | 7,000 SF |
| Gross Rent Multiplier | 10 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1990/2023 |
| Property Subtype | Apartment | Parking Ratio | 1.43/1,000 SF |
| Zoning | R - Commercial | ||
| Price | $1,387,811 CAD |
| Price Per Unit | $231,302 CAD |
| Sale Type | Investment |
| Cap Rate | 6% |
| Gross Rent Multiplier | 10 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 7,000 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1990/2023 |
| Parking Ratio | 1.43/1,000 SF |
| Zoning | R - Commercial |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Microwave
- Storage Space
- Washer/Dryer
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
- Breakfast Nook
- Dining Room
- Family Room
- Linen Closet
- Pantry
- Window Coverings
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Storage Space
- Bicycle Storage
- Private Bathroom
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 4 | $2,011 CAD | 1,200 |
| 1+1 | 2 | $1,493 CAD | 1,000 |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 11-04-13-410-026 | Total Assessment | $237,342 CAD (2024) |
| Land Assessment | $56,370 CAD (2024) | Annual Taxes | $19,871 CAD ($2.84 CAD/SF) |
| Improvements Assessment | $180,972 CAD (2024) | Tax Year | 2025 Payable 2025 |
Property Taxes
Parcel Number
11-04-13-410-026
Land Assessment
$56,370 CAD (2024)
Improvements Assessment
$180,972 CAD (2024)
Total Assessment
$237,342 CAD (2024)
Annual Taxes
$19,871 CAD ($2.84 CAD/SF)
Tax Year
2025 Payable 2025
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Presented by
Beata Kessler
Apartment Building | 1322 E 9th St
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