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5714 S Prairie Ave 4 Unit Apartment Building $1,134,340 CAD ($283,585 CAD/Unit) 11.59% Cap Rate Chicago, IL 60637
Executive Summary
33 Realty is pleased to present for sale 5714 S Prairie Avenue, a four-unit multi-family investment property in the east Washington Park neighborhood of Chicago. This is an excellent opportunity for an OWNER-OCCUPANT OPPORTUNITY as the top floor (unit 3) 4-bed/2-bath unit was gut-rehabbed in 2026 and will be vacant upon closing.
The property is composed of two 4-Bed/1-Bath, one 4-Bed/2-Bath, and one 5-Bed/2-Bath apartments that were previously renovated for individual condominiums.
All units have hardwood and tile throughout, modern appliances, gas-forced-heat, granite counter tops, individual hot water tanks, and individual utilities. The residences are larger than most of the new construction in the area, ranging in size between 1,200 and 1,400 SF and feature separate dining & living areas.
The property is composed of two 4-Bed/1-Bath, one 4-Bed/2-Bath, and one 5-Bed/2-Bath apartments that were previously renovated for individual condominiums.
All units have hardwood and tile throughout, modern appliances, gas-forced-heat, granite counter tops, individual hot water tanks, and individual utilities. The residences are larger than most of the new construction in the area, ranging in size between 1,200 and 1,400 SF and feature separate dining & living areas.
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$131,507
|
$22.50
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $131,507 |
| Annual Per SF | $22.50 |
Property Facts
| Price | $1,134,340 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $283,585 CAD | Building Class | C |
| Sale Type | Investment | Building Size | 5,844 SF |
| Cap Rate | 11.59% | Average Occupancy | 75% |
| No. Units | 4 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1910/2000 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | RM-5 - RM-5 | ||
| Price | $1,134,340 CAD |
| Price Per Unit | $283,585 CAD |
| Sale Type | Investment |
| Cap Rate | 11.59% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Building Size | 5,844 SF |
| Average Occupancy | 75% |
| No. Stories | 3 |
| Year Built/Renovated | 1910/2000 |
| Opportunity Zone |
Yes |
| Zoning | RM-5 - RM-5 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+1 | 2 | $3,230 CAD | - |
| 5+2 | 1 | $3,549 CAD | - |
| 4+2 | 1 | $3,904 CAD | - |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
70/100
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5714 S Prairie Ave
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