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35 N Mayfield Ave 3 Unit Apartment Building $971,540 CAD ($323,847 CAD/Unit) 11.44% Cap Rate Chicago, IL 60644
Investment Highlights
- Sale Price Reduced! Multi-family building with two units and 1 garden level unit
- Current monthly income totals $7,200 plus $300/month from parking
- Spacious rear yard and onsite parking
- Main units feature large living and dining areas, hardwood floors, updated kitchens with granite countertops, center islands, dark wood cabinetry..
- Significant improvements include updated plumbing, 200-amp electrical service, newer furnace, central air conditioning, hot water tank, roof...
- Turn-key investment opportunity with stable cash flow in a classic Chicago Greystone building
Executive Summary
Sale Price Reduced! Fully renovated Greystone two-flat investment property situated on a 6,969 SF lot. The building features two spacious units plus a non-conforming garden apartment, offering strong rental income potential. Unit 1 consists of 4 bedrooms and 1 bath (approx. 1,300 SF), Unit 2 offers 5 bedrooms and 1 bath (approx. 1,350 SF), and the garden unit includes 2 bedrooms and 1 bath. Both main units feature large living and dining areas, hardwood floors, updated kitchens with granite countertops, center islands, dark wood cabinetry, and stainless-steel appliances. Significant improvements include updated plumbing, 200-amp electrical service, newer furnace, central air conditioning, hot water tank, roof, and lighting. Additional features include a spacious rear yard and onsite parking. Current monthly income totals $7,200 plus $300/month from parking. Turn-key investment opportunity with stable cash flow in a classic Chicago Greystone building.
Property Facts
| Price | $971,540 CAD | Property Subtype | Apartment |
| Price Per Unit | $323,847 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 11.44% | Building Size | 2,500 SF |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1910 |
| Zoning | B3-3 - Community Shopping District | ||
| Price | $971,540 CAD |
| Price Per Unit | $323,847 CAD |
| Sale Type | Investment |
| Cap Rate | 11.44% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 2,500 SF |
| No. Stories | 2 |
| Year Built | 1910 |
| Zoning | B3-3 - Community Shopping District |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 5+1 | 1 | $3,475 CAD | 1,350 |
| 4+1 | 1 | $3,475 CAD | 1,300 |
| 2+1 | 1 | $3,058 CAD | - |
1 1
Very walkable
80/100
Moderately drivable
60/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 16-08-420-012-0000 | Improvements Assessment | $23,057 CAD |
| Land Assessment | $11,969 CAD | Total Assessment | $35,026 CAD |
Property Taxes
Parcel Number
16-08-420-012-0000
Land Assessment
$11,969 CAD
Improvements Assessment
$23,057 CAD
Total Assessment
$35,026 CAD
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35 N Mayfield Ave
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