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4411 W Walton St 7 Unit Apartment Building $831,078 CAD ($118,725 CAD/Unit) 9.08% Cap Rate Chicago, IL 60651
Investment Highlights
- Desirable Unit Mix: six (6) 2bd/1ba units and one (1) 1bd/1ba unit
- Individual & In-Unit Furnaces
- Updated Copper Plumbing
- Newly Remodeled Units
- Bitumen Membrane Roof
- Two (2) blocks from the New $170 million Public Safety Training Center
Executive Summary
Kiser Group is pleased to exclusively present for purchase 4411 W. Walton, a beautiful seven (7) unit walk-up building located in one of Chicago's most rapidly growing neighborhoods, Humboldt Park. The property sits on a quiet, tree-lined street just two (2) blocks away from the brand new $170 million Public Safety Training Center along Chicago Ave, which also has an abundance of retail and public transit.
4411 W. Walton is comprised of six (6) 2bd/1ba spacious units and one (1) 1bd/1ba unit, all containing in-unit furnaces. The property has been cosmetically and mechanically renovated in the past three years. Recent capital improvements consist of, but are not limited to updated copper plumbing, newer windows, newer Bitumen membrane roof, updated kitchens and baths, and rewired electric with breaker boxes in-unit.
4411 W. Walton presents an investor with a unique opportunity to acquire a cash-flowing asset with an in-place cap rate over 9.08% from day one. Additionally, through improved leasing, management, and raising rents to market rate levels, a new investor can realize a cap rate of 10.9% and cash returns of 20.86%.
4411 W. Walton is comprised of six (6) 2bd/1ba spacious units and one (1) 1bd/1ba unit, all containing in-unit furnaces. The property has been cosmetically and mechanically renovated in the past three years. Recent capital improvements consist of, but are not limited to updated copper plumbing, newer windows, newer Bitumen membrane roof, updated kitchens and baths, and rewired electric with breaker boxes in-unit.
4411 W. Walton presents an investor with a unique opportunity to acquire a cash-flowing asset with an in-place cap rate over 9.08% from day one. Additionally, through improved leasing, management, and raising rents to market rate levels, a new investor can realize a cap rate of 10.9% and cash returns of 20.86%.
Property Facts
| Price | $831,078 CAD | Building Class | C |
| Price Per Unit | $118,725 CAD | Lot Size | 0.06 AC |
| Sale Type | Investment | Building Size | 6,800 SF |
| Cap Rate | 9.08% | No. Stories | 3 |
| No. Units | 7 | Year Built | 1910 |
| Property Type | Multifamily | Parking Ratio | 0.44/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | RS-3 - Residential | ||
| Price | $831,078 CAD |
| Price Per Unit | $118,725 CAD |
| Sale Type | Investment |
| Cap Rate | 9.08% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 6,800 SF |
| No. Stories | 3 |
| Year Built | 1910 |
| Parking Ratio | 0.44/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RS-3 - Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | 800 |
| 2+1 | 5 | - | 900 |
| 2+1 | 1 | - | 1,500 |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 16-03-318-018-0000 | Improvements Assessment | $47,887 CAD |
| Land Assessment | $6,133 CAD | Total Assessment | $54,020 CAD |
Property Taxes
Parcel Number
16-03-318-018-0000
Land Assessment
$6,133 CAD
Improvements Assessment
$47,887 CAD
Total Assessment
$54,020 CAD
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4411 W Walton St
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