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6215 N Washtenaw Ave 8 Unit Apartment Building $1,907,621 CAD ($238,453 CAD/Unit) 7.74% Cap Rate Chicago, IL 60659
EXECUTIVE SUMMARY
Impressive 8-unit property, above grade 6 units and featuring two additional basement apartments for added income potential. Each of the six main units offers 2 bedrooms, a large living room, a separate dining area, and a partly enclosed back porch ideal for additional storage. The basement includes one 2-bedroom and one 1-bedroom apartment. Each unit has separate central heating, and there are 6 parking spaces for convenience. The property also features a newer porch and is located near shopping, parks, public transportation, and area amenities. Situated in the desirable West Ridge neighborhood, this solid multifamily building provides strong income and long-term stability - an excellent opportunity to expand your investment portfolio.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$195,275
|
$28.36
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$195,275
|
$28.36
|
| Taxes |
$21,945
|
$3.19
|
| Operating Expenses |
$25,711
|
$3.73
|
| Total Expenses |
$47,656
|
$6.92
|
| Net Operating Income |
$147,618
|
$21.44
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $195,275 |
| Annual Per SF | $28.36 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $195,275 |
| Annual Per SF | $28.36 |
| Taxes (CAD) | |
|---|---|
| Annual | $21,945 |
| Annual Per SF | $3.19 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $25,711 |
| Annual Per SF | $3.73 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $47,656 |
| Annual Per SF | $6.92 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $147,618 |
| Annual Per SF | $21.44 |
PROPERTY FACTS
| Price | $1,907,621 CAD | Building Class | C |
| Price Per Unit | $238,453 CAD | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 6,885 SF |
| Cap Rate | 7.74% | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1924 |
| Property Subtype | Apartment | Parking Ratio | 0.87/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RT-4 | ||
| Price | $1,907,621 CAD |
| Price Per Unit | $238,453 CAD |
| Sale Type | Investment |
| Cap Rate | 7.74% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 6,885 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1924 |
| Parking Ratio | 0.87/1,000 SF |
| Zoning | RT-4 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 9 | - | - |
1 1
Walk Score®
Very Walkable (88)
Bike Score®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Number | 13-01-210-013-0000 | Total Assessment | $113,500 CAD (2024) |
| Land Assessment | $31,304 CAD (2024) | Annual Taxes | $21,945 CAD ($3.19 CAD/SF) |
| Improvements Assessment | $82,196 CAD (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
13-01-210-013-0000
Land Assessment
$31,304 CAD (2024)
Improvements Assessment
$82,196 CAD (2024)
Total Assessment
$113,500 CAD (2024)
Annual Taxes
$21,945 CAD ($3.19 CAD/SF)
Tax Year
2025
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6215 N Washtenaw Ave
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