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26196-26198 W Spring Grove Rd 8 Unit Apartment Building $1,228,370 CAD ($153,546 CAD/Unit) 8.40% Cap Rate Antioch, IL 60002
Investment Highlights
- Rare Lakefront multifamily zoning
- Value add upside to rent
- Long term tenant base
Executive Summary
Rare 8-unit Channel Lake multifamily asset with stable in-place income, proven occupancy, and embedded upside from below-market rents and irreplaceable lakefront frontage. Long-term tenancy and conservative rent growth support durability and future upside. Offered at an attractive basis relative to both cash flow and underlying waterfront land value.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$144,604
|
$8.47
|
| Other Income |
$4,035
|
$0.24
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$148,640
|
$8.70
|
| Taxes |
$24,254
|
$1.42
|
| Operating Expenses |
$20,962
|
$1.23
|
| Total Expenses |
$45,216
|
$2.65
|
| Net Operating Income |
$103,423
|
$6.06
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $144,604 |
| Annual Per SF | $8.47 |
| Other Income (CAD) | |
|---|---|
| Annual | $4,035 |
| Annual Per SF | $0.24 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $148,640 |
| Annual Per SF | $8.70 |
| Taxes (CAD) | |
|---|---|
| Annual | $24,254 |
| Annual Per SF | $1.42 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $20,962 |
| Annual Per SF | $1.23 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $45,216 |
| Annual Per SF | $2.65 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $103,423 |
| Annual Per SF | $6.06 |
Property Facts
| Price | $1,228,370 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $153,546 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.30 AC |
| Cap Rate | 8.40% | Building Size | 17,080 SF |
| Gross Rent Multiplier | 8.26 | No. Stories | 1 |
| No. Units | 8 | Year Built | 1945 |
| Property Type | Multifamily | Parking Ratio | 2.16/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | N/Av | ||
| Price | $1,228,370 CAD |
| Price Per Unit | $153,546 CAD |
| Sale Type | Investment |
| Cap Rate | 8.40% |
| Gross Rent Multiplier | 8.26 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 17,080 SF |
| No. Stories | 1 |
| Year Built | 1945 |
| Parking Ratio | 2.16/1,000 SF |
| Zoning | N/Av |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | $1,582 CAD | - |
| 3+1 | 2 | $1,894 CAD | - |
| 1+1 | 4 | $1,077 CAD | - |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 01-11-406-023 | Total Assessment | $147,720 CAD |
| Land Assessment | $40,695 CAD | Annual Taxes | $24,254 CAD ($1.42 CAD/SF) |
| Improvements Assessment | $107,025 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
01-11-406-023
Land Assessment
$40,695 CAD
Improvements Assessment
$107,025 CAD
Total Assessment
$147,720 CAD
Annual Taxes
$24,254 CAD ($1.42 CAD/SF)
Tax Year
2025
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26196-26198 W Spring Grove Rd
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