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3018 Polk st - New Construction 3-Unit in Lawndale 3 Unit Apartment Building Offered at $1,137,889 CAD at a 8% Cap Rate Chicago, IL 60612
Executive Summary
Buyers can qualify for the Chicago Land Bank $20,000 Grant. Exceptional investment for an owner-occupant. October Delivery. New construction three-unit property featuring modern finishes and thoughtful design throughout. Each spacious unit offers 3 bedrooms and 2 full baths. Step inside to find open-concept layouts with abundant natural light, in-unit laundry, and stainless steel appliances in every kitchen. A rear parking pad provides off-street parking for residents. Located near public transit, parks, and local amenities, this is a rapidly appreciating area, with lots of upside.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,137,889 CAD | Building Size | 3,750 SF |
| Price Per Unit | $379,296 CAD | Average Occupancy | 0% |
| Sale Type | Investment | No. Stories | 3 |
| Cap Rate | 8% | Year Built | 2026 |
| No. Units | 3 | Parking Ratio | 0.8/1,000 SF |
| Property Type | Multifamily | Parcel Number | 16-13-309-048-0000 |
| Price | $1,137,889 CAD |
| Price Per Unit | $379,296 CAD |
| Sale Type | Investment |
| Cap Rate | 8% |
| No. Units | 3 |
| Property Type | Multifamily |
| Building Size | 3,750 SF |
| Average Occupancy | 0% |
| No. Stories | 3 |
| Year Built | 2026 |
| Parking Ratio | 0.8/1,000 SF |
| Parcel Number | 16-13-309-048-0000 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 3 | $3,448 CAD | 1,250 - 1,300 |
1 1
Very walkable
80/100
Moderately drivable
60/100
Good public transit
70/100
Moderately bikeable
60/100
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3018 Polk st - New Construction 3-Unit in Lawndale
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