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4850 W North Ave 32 Unit Apartment Building $5,049,958 CAD ($157,811 CAD/Unit) 7.50% Cap Rate Chicago, IL 60639
Investment Highlights
- Strong Location
- Extensive Capital Improvements
- Renovated Units
Executive Summary
SVN is pleased to present a 34-unit Multifamily building located on the border of North Austin and Belmont Cragin. The property is steps away from strong retail centers. The unit mix consists of (2) Commercial Spaces, (6) studios, and (18) 1 Bedroom 1 Bath, (8) 2 Bedroom 1 Bath Apartments. Majority of units have been newly remodeled with updated kitchens and baths and new appliances. 4850 W North Ave is equipped with (2) newer boilers, (2) 200-gallon water tanks, newer electrical, newer porches, newer roof, high-quality interior and exterior camera system, LED exterior lighting and lastly (4) Washers & (4) dryers. The building is in very strong condition and well-maintained and managed.
Property Facts
| Price | $5,049,958 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $157,811 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.25 AC |
| Cap Rate | 7.50% | Building Size | 27,450 SF |
| No. Units | 32 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1928 |
| Property Subtype | Apartment | ||
| Zoning | C2-1 | ||
| Price | $5,049,958 CAD |
| Price Per Unit | $157,811 CAD |
| Sale Type | Investment |
| Cap Rate | 7.50% |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 27,450 SF |
| No. Stories | 4 |
| Year Built | 1928 |
| Zoning | C2-1 |
Amenities
Unit Amenities
- Heating
- Hardwood Floors
Site Amenities
- Courtyard
- Maintenance on site
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | 400 |
| 1+1 | 18 | - | 500 |
| 2+1 | 8 | - | 620 |
1 1
Moderately walkable
70/100
Exceptionally drivable
90/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $296,066 CAD | |
| Land Assessment | $37,267 CAD | Total Assessment | $333,333 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$37,267 CAD
Improvements Assessment
$296,066 CAD
Total Assessment
$333,333 CAD
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4850 W North Ave
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