Log In/Sign Up
Your email has been sent.
4929 W Warwick Ave 5 Unit Apartment Building $950,864 CAD ($190,173 CAD/Unit) 4.72% Cap Rate Chicago, IL 60641
Investment Highlights
- Building-Owned Common Area Laundry
- 2-Unit Coach House
Executive Summary
4929 W. Warwick is a 5-unit multi-family asset offered as part of the Gary R. Carlson Northwest Side Portfolio, located in Chicago’s Portage Park neighborhood. The property features five residential units between the front building and coach house, consisting of one 1-bedroom apartments, two 2-bedroom apartments, and two 3-bedroom apartments, providing a practical and easy-to-rent mix in a stable, demand-driven submarket. Built in 1921 with 3,900 rentable square feet, the building offers a classic Chicago brick façade, building-owned common area laundry, and a coach house containing two of the five units. Positioned on a quiet residential block near parks, schools, retail, and major transit corridors, the property presents a reliable income stream with additional upside available through interior modernization and cosmetic upgrades.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$100,392
|
$24.12
|
| Other Income |
$816
|
$0.20
|
| Vacancy Loss |
$5,060
|
$1.22
|
| Effective Gross Income |
$96,147
|
$23.10
|
| Taxes |
$20,135
|
$4.84
|
| Operating Expenses |
$31,164
|
$7.49
|
| Total Expenses |
$51,299
|
$12.32
|
| Net Operating Income |
$44,848
|
$10.77
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $100,392 |
| Annual Per SF | $24.12 |
| Other Income (CAD) | |
|---|---|
| Annual | $816 |
| Annual Per SF | $0.20 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $5,060 |
| Annual Per SF | $1.22 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $96,147 |
| Annual Per SF | $23.10 |
| Taxes (CAD) | |
|---|---|
| Annual | $20,135 |
| Annual Per SF | $4.84 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $31,164 |
| Annual Per SF | $7.49 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $51,299 |
| Annual Per SF | $12.32 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $44,848 |
| Annual Per SF | $10.77 |
Property Facts
| Price | $950,864 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $190,173 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 4.72% | Building Size | 4,163 SF |
| Sale Condition | Bulk/Portfolio Sale | Average Occupancy | 100% |
| Gross Rent Multiplier | 10.08 | No. Stories | 3 |
| No. Units | 5 | Year Built | 1921 |
| Property Type | Multifamily | Parking Ratio | 0.24/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | RS-3 - RS-3 Zoning | ||
| Price | $950,864 CAD |
| Price Per Unit | $190,173 CAD |
| Sale Type | Investment |
| Cap Rate | 4.72% |
| Sale Condition | Bulk/Portfolio Sale |
| Gross Rent Multiplier | 10.08 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 4,163 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1921 |
| Parking Ratio | 0.24/1,000 SF |
| Zoning | RS-3 - RS-3 Zoning |
Amenities
Unit Amenities
- Ceiling Fans
- Hardwood Floors
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | 650 |
| 2+1 | 3 | - | 600 - 1,100 |
| 3+1 | 1 | - | 1,100 |
1 1
Walk Score®
Very Walkable (80)
Property Taxes
| Parcel Number | 13-21-222-009-0000 | Total Assessment | $100,489 CAD |
| Land Assessment | $26,647 CAD | Annual Taxes | $20,135 CAD ($4.84 CAD/SF) |
| Improvements Assessment | $73,842 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
13-21-222-009-0000
Land Assessment
$26,647 CAD
Improvements Assessment
$73,842 CAD
Total Assessment
$100,489 CAD
Annual Taxes
$20,135 CAD ($4.84 CAD/SF)
Tax Year
2025
1 of 15
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
4929 W Warwick Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.