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1901 W Garfield Blvd 13 Unit Apartment Building $1,347,063 CAD ($103,620 CAD/Unit) 9.03% Cap Rate Chicago, IL 60636
INVESTMENT HIGHLIGHTS
- Incredibly Spacious Floorplans with Separate Living & Dining Rooms
- Brand New Weil McClain Boiler (2025)
- Below Market Rents With Significant Value Add Potential
- Potential to Convert 1 Bed Units to 2 Beds with Ease
- Prime Location on Garfield Boulevard
EXECUTIVE SUMMARY
Kiser Group is pleased to exclusively present for purchase 1901 W. Garfield, a beautiful nineteen (19) unit building in Chicago's historic Englewood neighborhood. The building
sits along the iconic tree lined Garfield Boulevard, offering immediate access to the Dan Ryan Expressway and the CTA Red Line Garfield Station.
1901 W. Garfield presents a desirable unit mix, comprised of (8) 1BD/1BA & (5) 2BD/1BA, all of which feature incredibly spacious layouts, private balconies, and hardwood flooring throughout. Recent improvements to the building include but are not limited to: a new Weil McClain Boiler (2025), copper plumbing, and a newer 100G hot water tank.
From day one a new investor will realize and in place cap rate of 9.03% and cash returns over 13%. Through improved leasing, optimized management, and raising rents to levels already achieved in the building, a new owner will realize a cap rate exceeding 11.5% and cash returns of 23.41%.
sits along the iconic tree lined Garfield Boulevard, offering immediate access to the Dan Ryan Expressway and the CTA Red Line Garfield Station.
1901 W. Garfield presents a desirable unit mix, comprised of (8) 1BD/1BA & (5) 2BD/1BA, all of which feature incredibly spacious layouts, private balconies, and hardwood flooring throughout. Recent improvements to the building include but are not limited to: a new Weil McClain Boiler (2025), copper plumbing, and a newer 100G hot water tank.
From day one a new investor will realize and in place cap rate of 9.03% and cash returns over 13%. Through improved leasing, optimized management, and raising rents to levels already achieved in the building, a new owner will realize a cap rate exceeding 11.5% and cash returns of 23.41%.
PROPERTY FACTS
| Price | $1,347,063 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $103,620 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 9.03% | Building Size | 12,700 SF |
| No. Units | 13 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1916 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | RT-5 | ||
| Price | $1,347,063 CAD |
| Price Per Unit | $103,620 CAD |
| Sale Type | Investment |
| Cap Rate | 9.03% |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 12,700 SF |
| No. Stories | 3 |
| Year Built | 1916 |
| Opportunity Zone |
Yes |
| Zoning | RT-5 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | 900 |
| 2+1 | 5 | - | 1,100 |
1 1
PROPERTY TAXES
| Parcel Number | 20-18-201-008-0000 | Improvements Assessment | $135,994 CAD |
| Land Assessment | $8,057 CAD | Total Assessment | $144,051 CAD |
PROPERTY TAXES
Parcel Number
20-18-201-008-0000
Land Assessment
$8,057 CAD
Improvements Assessment
$135,994 CAD
Total Assessment
$144,051 CAD
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1901 W Garfield Blvd
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