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2149 W Division St 6 Unit Apartment Building $3,160,927 CAD ($526,821 CAD/Unit) 6.23% Cap Rate Chicago, IL 60622
INVESTMENT HIGHLIGHTS
- Easy to rent units in Wicker Park / Ukrainian Village
- Attractive coop commission (2.25%)
- Long term retail tenant (24 years) - Lease has (3) years left with 3% annual increases
EXECUTIVE SUMMARY
The Property features five fully renovated apartment units plus a long-
term retail tenant. The apartments underwent a complete
gut renovation in 2016 that included new hardwood flooring, in-unit
washers and dryers, upgraded kitchens with granite countertops,
stainless steel appliances, garbage disposals, and modern cabinetry.
Each unit also received fully updated bathrooms with new cast iron
drain piping, copper plumbing, 2-inch copper water service, plus a
400-amp electrical upgrade, comprehensive rewiring with new panels
and modern safety features, hardwired smoke and CO detectors, high-
speed internet connections in every room, emergency lighting, and new
interior doors and trim. The brick façade was also rebuilt, enhancing
the Property’s structural integrity and aesthetic appeal.
term retail tenant. The apartments underwent a complete
gut renovation in 2016 that included new hardwood flooring, in-unit
washers and dryers, upgraded kitchens with granite countertops,
stainless steel appliances, garbage disposals, and modern cabinetry.
Each unit also received fully updated bathrooms with new cast iron
drain piping, copper plumbing, 2-inch copper water service, plus a
400-amp electrical upgrade, comprehensive rewiring with new panels
and modern safety features, hardwired smoke and CO detectors, high-
speed internet connections in every room, emergency lighting, and new
interior doors and trim. The brick façade was also rebuilt, enhancing
the Property’s structural integrity and aesthetic appeal.
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $3,160,927 CAD | Building Class | C |
| Price Per Unit | $526,821 CAD | Lot Size | 0.08 AC |
| Sale Type | Investment | Building Size | 6,595 SF |
| Cap Rate | 6.23% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1904/2016 |
| Property Subtype | Apartment | Parking Ratio | 0.45/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | 50 | ||
| Price | $3,160,927 CAD |
| Price Per Unit | $526,821 CAD |
| Sale Type | Investment |
| Cap Rate | 6.23% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 6,595 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1904/2016 |
| Parking Ratio | 0.45/1,000 SF |
| Zoning | 50 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 3 | - | 780 |
| 3+1 | 2 | - | 1,100 |
| Studios | 1 | - | 1,151 |
1 1
Walk Score®
Walker's Paradise (95)
Transit Score®
Excellent Transit (75)
Bike Score®
Biker's Paradise (98)
PROPERTY TAXES
| Parcel Number | 17-06-302-004-0000 | Total Assessment | $185,142 CAD (2024) |
| Land Assessment | $40,645 CAD (2024) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $144,497 CAD (2024) | Tax Year | 2026 |
PROPERTY TAXES
Parcel Number
17-06-302-004-0000
Land Assessment
$40,645 CAD (2024)
Improvements Assessment
$144,497 CAD (2024)
Total Assessment
$185,142 CAD (2024)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
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2149 W Division St
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