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14121 S Stewart Ave 18 Unit Apartment Building $2,073,702 CAD ($115,206 CAD/Unit) 13.80% Cap Rate Riverdale, IL 60827
INVESTMENT HIGHLIGHTS
- 100% Occupied, Recently Updated Building
EXECUTIVE SUMMARY
Beautifully updated 18-unit apartment building. The building consists of 2 - 1 Bedroom units and 16 - 2 Bedroom units. 13 of the 18 units were
recently (2024) updated with new kitchens, baths, flooring and appliances. The roof was replaced in 2024. Coin laundry room available, providing
additional income. Landlord is responsible for gas, water, garbage, and common area electric. Building priced at a 13% Cap Rate, with a near term
upside potential of 15% pro forma Cap Rate. Call listing agent for additional details and to schedule an appointment.
recently (2024) updated with new kitchens, baths, flooring and appliances. The roof was replaced in 2024. Coin laundry room available, providing
additional income. Landlord is responsible for gas, water, garbage, and common area electric. Building priced at a 13% Cap Rate, with a near term
upside potential of 15% pro forma Cap Rate. Call listing agent for additional details and to schedule an appointment.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$286,085
|
$22.71
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $286,085 |
| Annual Per SF | $22.71 |
PROPERTY FACTS
| Price | $2,073,702 CAD | Building Class | C |
| Price Per Unit | $115,206 CAD | Lot Size | 0.28 AC |
| Sale Type | Investment | Building Size | 12,600 SF |
| Cap Rate | 13.80% | Average Occupancy | 100% |
| No. Units | 18 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1964/2024 |
| Property Subtype | Apartment | Parking Ratio | 0.83/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | R-4, Riverdale - Multi Family Residental District | ||
| Price | $2,073,702 CAD |
| Price Per Unit | $115,206 CAD |
| Sale Type | Investment |
| Cap Rate | 13.80% |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 12,600 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1964/2024 |
| Parking Ratio | 0.83/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R-4, Riverdale - Multi Family Residental District |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Heating
- Kitchen
- Oven
- Range
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | $1,591 CAD | 825 |
| 2+1 | 16 | $1,919 CAD | 900 - 950 |
1 1
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $73,025 CAD (2024) | |
| Land Assessment | $7,458 CAD (2024) | Total Assessment | $80,483 CAD (2024) |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$7,458 CAD (2024)
Improvements Assessment
$73,025 CAD (2024)
Total Assessment
$80,483 CAD (2024)
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14121 S Stewart Ave
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