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5415 W Augusta Blvd
Chicago, IL 60651
Multifamily Property For Sale
·
4 Units

INVESTMENT HIGHLIGHTS
- Current rent is low for the area, so buyer can increase the rent and increase their income
- Located near interstate access and commuter trains
EXECUTIVE SUMMARY
Meticulously maintained. Property was built as 2-flat, and later 2 additional studio apartments were added in the basement, so 4 all together at this time. Upstairs are two spacious units with open floor plans, hardwood floors, and 9' ceilings. Each upstairs unit offers a large kitchen with eat-in table space, separate living and dining rooms, and generously sized bedrooms with ample closet storage. 2nd floor unit has 3 bedrooms. Both above ground units include an enclosed back porch providing washer, dryer and a storage area. Additional highlights include a two-car garage, and a spacious backyard. Upstairs tenants are responsible for central heat and electricity, ensuring lower owner expenses. "Total annual income" is with the 3 units that are currently rented; the "Gross Income" would be the income with the 4th studio unit rented. Seller is leaving the 4th unit intentionally vacant for the buyer. Current rents are lower than the market rent in the area, so the property has increased income potential for the future. Located nearby to schools, parks, shopping, dining, and entertainment, and just 2 miles to downtown Oak Park. Close to interstate access, commuter trains, and bus routes.
PROPERTY FACTS Under Contract
| Price Per Unit | $147,941 CAD | Apartment Style | Single-Family Home |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.45% | Lot Size | 0.10 AC |
| Gross Rent Multiplier | 6.9 | Building Size | 2,532 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1908 |
| Property Subtype | Apartment | ||
| Zoning | RS-3 - Residential | ||
| Price Per Unit | $147,941 CAD |
| Sale Type | Investment |
| Cap Rate | 5.45% |
| Gross Rent Multiplier | 6.9 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 2,532 SF |
| No. Stories | 2 |
| Year Built | 1908 |
| Zoning | RS-3 - Residential |
PROPERTY TAXES
| Parcel Number | 16-04-317-014-0000 | Improvements Assessment | $23,417 CAD |
| Land Assessment | $6,930 CAD | Total Assessment | $30,347 CAD |
PROPERTY TAXES
Parcel Number
16-04-317-014-0000
Land Assessment
$6,930 CAD
Improvements Assessment
$23,417 CAD
Total Assessment
$30,347 CAD
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