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2800 W Washington Blvd 15 Unit Apartment Building $2,728,553 CAD ($181,904 CAD/Unit) 8.07% Cap Rate Chicago, IL 60612
Investment Highlights
- STRONG IN-PLACE AND POTENTIAL RETURNS: (Current / Proforma) – Cap Rate: 8.07% / 9.18%, Cash on Cash: 10.12% / 14.56%
- STRONG REVENUE GROWTH POTENTIAL: Current rents are more than $25,000 below market, providing immediate upside.
- TENANT-PAID UTILITIES: All utilities are separately metered and resident paid, further reducing landlord responsibilities.
- LOCATION: The property is situated in a growing neighborhood with proximity to The United Center, public transit, parks, and major development project
Property Facts
| Price | $2,728,553 CAD | Property Subtype | Apartment |
| Price Per Unit | $181,904 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 8.07% | Lot Size | 0.15 AC |
| Gross Rent Multiplier | 7.8 | Building Size | 9,570 SF |
| No. Units | 15 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1930 |
| Zoning | RT-4 - RT-4 (Residential Two-Flat, Townhouse, and Multi-Unit) | ||
| Price | $2,728,553 CAD |
| Price Per Unit | $181,904 CAD |
| Sale Type | Investment |
| Cap Rate | 8.07% |
| Gross Rent Multiplier | 7.8 |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.15 AC |
| Building Size | 9,570 SF |
| No. Stories | 3 |
| Year Built | 1930 |
| Zoning | RT-4 - RT-4 (Residential Two-Flat, Townhouse, and Multi-Unit) |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 15 | - | 600 |
1 1
Exceptionally walkable
90/100
Moderately drivable
60/100
Exceptional public transit
90/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 16-12-323-027-0000 | Improvements Assessment | $104,570 CAD |
| Land Assessment | $13,204 CAD | Total Assessment | $117,774 CAD |
Property Taxes
Parcel Number
16-12-323-027-0000
Land Assessment
$13,204 CAD
Improvements Assessment
$104,570 CAD
Total Assessment
$117,774 CAD
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2800 W Washington Blvd
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