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1756 W North Avenue 1756 W North Ave 11 Unit Apartment Building $6,025,794 CAD ($547,799 CAD/Unit) 6.12% Cap Rate Chicago, IL 60622
Investment Highlights
- Turnkey Asset in Wicker Park
- Gut Renovated in 2020
- Long-term Retail Tenants
- 5% Rent Increases on Recent Renewals
Executive Summary
Kiser Group is pleased to present 1756 West North Avenue for sale. Located in Wicker Park, this mixed-use property was gut-renovated in 2020 and has been meticulously maintained since. Recent lease renewals have averaged 5%, with clear potential for further rent growth. All three retail tenants are long-term occupants on gross leases.
As part of the 2020 renovation, all major systems were updated, including plumbing, electrical, roof, windows, and interiors. The residential units feature high-end finishes and individual mechanical systems. 1756 West North Avenue offers investors the opportunity to acquire a truly stabilized asset in one of Chicago’s most desirable neighborhoods.
As part of the 2020 renovation, all major systems were updated, including plumbing, electrical, roof, windows, and interiors. The residential units feature high-end finishes and individual mechanical systems. 1756 West North Avenue offers investors the opportunity to acquire a truly stabilized asset in one of Chicago’s most desirable neighborhoods.
Property Facts
| Price | $6,025,794 CAD | Property Subtype | Apartment |
| Price Per Unit | $547,799 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.10 AC |
| Cap Rate | 6.12% | Building Size | 10,430 SF |
| No. Units | 11 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1888 |
| Zoning | C1-2 | ||
| Price | $6,025,794 CAD |
| Price Per Unit | $547,799 CAD |
| Sale Type | Investment |
| Cap Rate | 6.12% |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 10,430 SF |
| No. Stories | 3 |
| Year Built | 1888 |
| Zoning | C1-2 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | 650 |
| 2+1 | 3 | - | 767 |
| 3+2 | 2 | - | 1,075 |
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Exceptionally walkable
100/100
Moderately drivable
70/100
Exceptional public transit
90/100
Moderately bikeable
70/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $269,688 CAD | |
| Land Assessment | $25,425 CAD | Total Assessment | $295,113 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$25,425 CAD
Improvements Assessment
$269,688 CAD
Total Assessment
$295,113 CAD
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1756 W North Avenue | 1756 W North Ave
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