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2625 S Union Ave
Chicago, IL 60616
Multifamily Property For Sale
·
6 Units
Executive Summary
6-unit multi-family gem with coach house owner's unit in Chicago's Bridgeport neighborhood! The primary building, facing S Union Ave, includes 5 units, with a total of 8 bedrooms and 5 bathrooms. The rear coach house is ideal as an owner's unit, and features 4 bedrooms, 1 bathroom, and a full basement. It is equipped with forced-air heating and cooling, and private in-unit laundry. The long-term owners have done an excellent job maintaining the property. Unit finishes are outdated but functional; a cosmetic rehab would go a long way here! All units are separately metered for gas and electric, and each has its own hot water tank (all located in basement). The 5 units in the front building share a common laundry room in the basement, currently outfitted with 2 washers and 2 dryers. The basement also includes a dedicated storage area for each unit. This property is in a prime Bridgeport location, and is part of the highly-desirable Healy School District.
Property Facts
| Price Per Unit | $182,269 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 8.12% | Lot Size | 0.07 AC |
| Gross Rent Multiplier | 9.8 | Building Size | 4,216 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1883 |
| Property Subtype | Apartment | ||
| Zoning | RS-3 - Residential | ||
| Price Per Unit | $182,269 CAD |
| Sale Type | Investment |
| Cap Rate | 8.12% |
| Gross Rent Multiplier | 9.8 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 4,216 SF |
| No. Stories | 3 |
| Year Built | 1883 |
| Zoning | RS-3 - Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 3 | $1,437 CAD | - |
| 1+1 | 2 | $1,163 CAD | - |
| 4+1 | 1 | $2,601 CAD | - |
Property Taxes
| Parcel Number | 17-28-302-011-0000 | Improvements Assessment | $54,270 CAD |
| Land Assessment | $22,379 CAD | Total Assessment | $76,649 CAD |
Property Taxes
Parcel Number
17-28-302-011-0000
Land Assessment
$22,379 CAD
Improvements Assessment
$54,270 CAD
Total Assessment
$76,649 CAD
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