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Rehabbed 3-Unit in Douglas Park 3651 W Grenshaw St 3 Unit Apartment Building $786,102 CAD ($262,034 CAD/Unit) 10.90% Cap Rate Chicago, IL 60624
EXECUTIVE SUMMARY
Fully GUT rehabbed to the studs; 3-unit building, with a 2 car garage. All rehab work was done with full plans and permits. Open floor plans for luxury living on each floor. Garden unit features 2 bedrooms and 1 bath; 1st floor has 3 bedrooms and 1 bath, and the Top floor has 4 bedrooms and 1 bath. Rapidly appreciating area of North Lawndale with Easy access to expressway & short distance to downtown Chicago.
PROPERTY FACTS
| Price | $786,102 CAD | Lot Size | 0.07 AC |
| Price Per Unit | $262,034 CAD | Building Size | 3,750 SF |
| Sale Type | Investment | Average Occupancy | 0% |
| Cap Rate | 10.90% | No. Stories | 3 |
| No. Units | 3 | Year Built/Renovated | 1926/2025 |
| Property Type | Multifamily | Parking Ratio | 0.53/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Building Class | C |
| Price | $786,102 CAD |
| Price Per Unit | $262,034 CAD |
| Sale Type | Investment |
| Cap Rate | 10.90% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 3,750 SF |
| Average Occupancy | 0% |
| No. Stories | 3 |
| Year Built/Renovated | 1926/2025 |
| Parking Ratio | 0.53/1,000 SF |
| Opportunity Zone |
Yes |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1 | 3 | $2,625 CAD | 1,200 |
1 1
Walk Score®
Very Walkable (82)
PROPERTY TAXES
| Parcel Number | 16-14-328-021-0000 | Improvements Assessment | $39,135 CAD |
| Land Assessment | $6,228 CAD | Total Assessment | $45,363 CAD |
PROPERTY TAXES
Parcel Number
16-14-328-021-0000
Land Assessment
$6,228 CAD
Improvements Assessment
$39,135 CAD
Total Assessment
$45,363 CAD
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Rehabbed 3-Unit in Douglas Park | 3651 W Grenshaw St
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