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2014 W McLean Ave 6 Unit Apartment Building $2,740,407 CAD ($456,734 CAD/Unit) 5.82% Cap Rate Chicago, IL 60647
Investment Highlights
- Traditional front to back 6-unit building
- Building was gut renovated in 2014 and features copper plumbing, updated electric service, and in-unit washers and dryers
- 3 car parking pad in rear
- Located in prime Bucktown on a primarily residential street
- Sits on a standard 25x150 city lot
Property Facts
| Price | $2,740,407 CAD | Apartment Style | Garden |
| Price Per Unit | $456,734 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Cap Rate | 5.82% | Building Size | 4,641 SF |
| Gross Rent Multiplier | 11.2 | No. Stories | 4 |
| No. Units | 6 | Year Built/Renovated | 1892/2016 |
| Property Type | Multifamily | Parking Ratio | 0.63/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | RS-3 | ||
| Price | $2,740,407 CAD |
| Price Per Unit | $456,734 CAD |
| Sale Type | Investment |
| Cap Rate | 5.82% |
| Gross Rent Multiplier | 11.2 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 4,641 SF |
| No. Stories | 4 |
| Year Built/Renovated | 1892/2016 |
| Parking Ratio | 0.63/1,000 SF |
| Zoning | RS-3 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Ceiling Fans
- Hardwood Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Basement
- Den
- Family Room
- Intercom
- Porch
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $2,982 CAD | 490 |
| 2+1 | 2 | $3,195 CAD | 523 |
| 3+2 | 2 | $3,976 CAD | 1,200 |
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Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
90/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 14-31-135-034-0000 | Improvements Assessment | $128,196 CAD |
| Land Assessment | $28,432 CAD | Total Assessment | $156,628 CAD |
Property Taxes
Parcel Number
14-31-135-034-0000
Land Assessment
$28,432 CAD
Improvements Assessment
$128,196 CAD
Total Assessment
$156,628 CAD
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2014 W McLean Ave
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