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2432-2434 W Fargo Ave 12 Unit Apartment Building $2,887,416 CAD ($240,618 CAD/Unit) 6.40% Cap Rate Chicago, IL 60645
Executive Summary
2432-2434 W Fargo Ave & 7434-7438 N Artesian Ave is a 12-unit, 10,258 SF multifamily building in Chicago's Rogers Park neighborhood — a 1925 masonry corner walk-up delivering an in-place income stream with updated and spacious kitchens, renovated baths, and strong tenant demand.
Units feature updated kitchens with granite counters, stainless steel appliances, dishwashers, and renovated baths. Building has been refreshed within the past five years and includes vinyl windows, coin laundry, and a 2-car garage. Unit mix is all 2BR/1BA units, a highly rentable Rogers Park configuration.
Situated in a Chicago Mobility Zone — unlocking rents up to ~$2,100/unit for qualifying tenants. Assumable debt offers added financing flexibility.
Units feature updated kitchens with granite counters, stainless steel appliances, dishwashers, and renovated baths. Building has been refreshed within the past five years and includes vinyl windows, coin laundry, and a 2-car garage. Unit mix is all 2BR/1BA units, a highly rentable Rogers Park configuration.
Situated in a Chicago Mobility Zone — unlocking rents up to ~$2,100/unit for qualifying tenants. Assumable debt offers added financing flexibility.
Property Facts
| Price | $2,887,416 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $240,618 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 6.40% | Building Size | 13,539 SF |
| Gross Rent Multiplier | 8.48 | No. Stories | 3 |
| No. Units | 12 | Year Built | 1925 |
| Property Type | Multifamily | Parking Ratio | 0.3/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | RS-3 | ||
| Price | $2,887,416 CAD |
| Price Per Unit | $240,618 CAD |
| Sale Type | Investment |
| Cap Rate | 6.40% |
| Gross Rent Multiplier | 8.48 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 13,539 SF |
| No. Stories | 3 |
| Year Built | 1925 |
| Parking Ratio | 0.3/1,000 SF |
| Zoning | RS-3 |
Amenities
- Smoke Detector
Unit Amenities
- Dishwasher
- Washer/Dryer
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Yard
- Den
- Porch
- Quartz Countertops
Site Amenities
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 12 | - | 700 - 1,102 |
1 1
Exceptionally walkable
90/100
Fairly drivable
40/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 10-25-409-015-0000 | Improvements Assessment | $153,591 CAD |
| Land Assessment | $27,890 CAD | Total Assessment | $181,482 CAD |
Property Taxes
Parcel Number
10-25-409-015-0000
Land Assessment
$27,890 CAD
Improvements Assessment
$153,591 CAD
Total Assessment
$181,482 CAD
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2432-2434 W Fargo Ave
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