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2149 W Division St 6 Unit Apartment Building $3,179,057 CAD ($529,843 CAD/Unit) 6.45% Cap Rate Chicago, IL 60622
Investment Highlights
- Prime Turnkey Income & Stable Long-Term Retail Tenant: The asset provides immediate, reliable cash flow with zero needed capital expenditure
- Unbeatable Wicker Park / Ukrainian Village Location: Situated along the high-foot-traffic commercial corridor of Division Street.
- Outstanding Yields & Value-Add Potential: Projected 10-year leveraged IRR of ~15%, strong day-one cash flow and long-term appreciation.
Executive Summary
2149 W. Division Street features five luxury-renovated apartments plus a long-term retail tenant, offering turnkey income in a prime Wicker Park location. This modern, well-maintained building ensures stable cash flow and long-term upside in one of Chicago’s top neighborhoods.
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- Offering Memorandum
Property Facts
| Price | $3,179,057 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $529,843 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.08 AC |
| Cap Rate | 6.45% | Building Size | 5,706 SF |
| Gross Rent Multiplier | 11.1 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1904/2017 |
| Property Subtype | Apartment | Parking Ratio | 0.45/1,000 SF |
| Zoning | B3-2 - Mixed Use | ||
| Price | $3,179,057 CAD |
| Price Per Unit | $529,843 CAD |
| Sale Type | Investment |
| Cap Rate | 6.45% |
| Gross Rent Multiplier | 11.1 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 5,706 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1904/2017 |
| Parking Ratio | 0.45/1,000 SF |
| Zoning | B3-2 - Mixed Use |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 3 | - | 981 |
| 3+1 | 2 | - | 1,284 |
| Studios | 1 | - | 1,088 |
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Exceptionally walkable
100/100
Moderately drivable
70/100
Strong public transit
80/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 17-06-302-004-0000 | Improvements Assessment | $145,656 CAD |
| Land Assessment | $40,971 CAD | Total Assessment | $186,627 CAD |
Property Taxes
Parcel Number
17-06-302-004-0000
Land Assessment
$40,971 CAD
Improvements Assessment
$145,656 CAD
Total Assessment
$186,627 CAD
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2149 W Division St
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