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AIA /// 26 UNITS /// AUSTIN 235 N Mason Ave 26 Unit Apartment Building $4,595,337 CAD ($176,744 CAD/Unit) 9.45% Cap Rate Chicago, IL 60644
Investment Highlights
- 2 FRESHLY RENOVATED BUILDINGS, 1/2 BLOCK APART
- TENANT HEATED BUILDINGS
- 2 BLOCKS FROM CTA GREEN LINE TRAIN (AUSTIN)
- ALL 2 & 3-BEDROOM APARTMENTS
- 1 BLOCK FROM SUBURBAN OAK PARK
- 3 BLOCKS TO ELLINGTON ELEMENTARY SCHOOL
Executive Summary
Apartment Investment Advisers, LLC ("AIA") has been granted the exclusive right to market and sell the subject property.
AIA is a Chicago-based commercial real estate brokerage firm focused exclusively on the marketing and sale of multifamily properties throughout the Chicago metropolitan area. The firm has represented it's clients in the sale of more than 500 apartment buildings totaling in excess of 10,000 apartment units and over $1,000,000,000 in sales volume.
For more information, please contact AIA:
info@aia-chicago.com | aia-chicago.com | 773.799.9299
AIA is a Chicago-based commercial real estate brokerage firm focused exclusively on the marketing and sale of multifamily properties throughout the Chicago metropolitan area. The firm has represented it's clients in the sale of more than 500 apartment buildings totaling in excess of 10,000 apartment units and over $1,000,000,000 in sales volume.
For more information, please contact AIA:
info@aia-chicago.com | aia-chicago.com | 773.799.9299
Property Facts
| Price | $4,595,337 CAD | Property Subtype | Apartment |
| Price Per Unit | $176,744 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 9.45% | Building Size | 40,000 SF |
| Gross Rent Multiplier | 6.82 | Average Occupancy | 100% |
| No. Units | 26 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1916 |
| Price | $4,595,337 CAD |
| Price Per Unit | $176,744 CAD |
| Sale Type | Investment |
| Cap Rate | 9.45% |
| Gross Rent Multiplier | 6.82 |
| No. Units | 26 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Building Size | 40,000 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1916 |
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Moderately walkable
70/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 16-08-407-004-0000 | Improvements Assessment | $128,387 CAD |
| Land Assessment | $12,430 CAD | Total Assessment | $140,817 CAD |
Property Taxes
Parcel Number
16-08-407-004-0000
Land Assessment
$12,430 CAD
Improvements Assessment
$128,387 CAD
Total Assessment
$140,817 CAD
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AIA /// 26 UNITS /// AUSTIN | 235 N Mason Ave
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