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1625 W Greenleaf Ave 14 Unit Apartment Building $3,876,600 CAD ($276,900 CAD/Unit) 6.16% Cap Rate Chicago, IL 60626
INVESTMENT HIGHLIGHTS
- One, two, and three-bedroom apartments
- 0.2 Miles to Rogers Park UP-N Station
- Additional upside in current rents
- Upgraded building systems
- 0.5 Miles to Morse CTA Red Line
EXECUTIVE SUMMARY
Kiser Group has been exclusively engaged to market for sale 1625 W. Greenleaf, a 14-unit, walk-up style apartment building located in Chicago’s Rogers Park neighborhood. This 1920s constructed asset is well-situated as it sits just 0.2 Miles from the Rogers Park UP-N Station and 0.5 miles from the Morse CTA Red Line.
1625 W. Greenleaf features a unit mix comprised of one (1) studio, five (5) 1-bed / 1-bath units, five (5) 2-bed / 1 bath apartments, and three (3) 3-bedroom units. The property also includes common area laundry facilities. Interiors vary in finish level, including hardwood flooring, standard or stainless-steel appliances, granite or laminate countertops, and oversized floor plans. As current rents are 15%+ below market, new ownership can add value with light turnover work and by operating more aggressively to bring rents to market.
Located in the desirable Rogers Park neighborhood, 0.2 Miles from the Rogers Park UP-N Station and 0.5 miles from the Morse CTA Red Line, this asset offers value-add potential in a northside area that will always be sought after.
1625 W. Greenleaf features a unit mix comprised of one (1) studio, five (5) 1-bed / 1-bath units, five (5) 2-bed / 1 bath apartments, and three (3) 3-bedroom units. The property also includes common area laundry facilities. Interiors vary in finish level, including hardwood flooring, standard or stainless-steel appliances, granite or laminate countertops, and oversized floor plans. As current rents are 15%+ below market, new ownership can add value with light turnover work and by operating more aggressively to bring rents to market.
Located in the desirable Rogers Park neighborhood, 0.2 Miles from the Rogers Park UP-N Station and 0.5 miles from the Morse CTA Red Line, this asset offers value-add potential in a northside area that will always be sought after.
PROPERTY FACTS
| Price | $3,876,600 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $276,900 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 6.16% | Building Size | 12,000 SF |
| No. Units | 14 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1929 |
| Property Subtype | Apartment | ||
| Zoning | R | ||
| Price | $3,876,600 CAD |
| Price Per Unit | $276,900 CAD |
| Sale Type | Investment |
| Cap Rate | 6.16% |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 12,000 SF |
| No. Stories | 3 |
| Year Built | 1929 |
| Zoning | R |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 5 | - | 840 |
| 2+1 | 4 | - | 900 |
| 3+1 | 3 | - | 1,000 |
| Studios | 1 | - | 400 |
| 2+1 | 1 | - | 800 |
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Walk Score®
Walker's Paradise (94)
Transit Score®
Excellent Transit (78)
Bike Score®
Biker's Paradise (90)
PROPERTY TAXES
| Parcel Number | 11-31-213-005-0000 | Improvements Assessment | $176,778 CAD |
| Land Assessment | $21,415 CAD | Total Assessment | $198,193 CAD |
PROPERTY TAXES
Parcel Number
11-31-213-005-0000
Land Assessment
$21,415 CAD
Improvements Assessment
$176,778 CAD
Total Assessment
$198,193 CAD
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1625 W Greenleaf Ave
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