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6215 N Washtenaw Ave 8 Unit Apartment Building $1,923,245 CAD ($240,406 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 |
$196,874
|
$28.59
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$196,874
|
$28.59
|
| Taxes |
$22,125
|
$3.21
|
| Operating Expenses |
$25,922
|
$3.76
|
| Total Expenses |
$48,047
|
$6.98
|
| Net Operating Income |
$148,827
|
$21.62
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $196,874 |
| Annual Per SF | $28.59 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $196,874 |
| Annual Per SF | $28.59 |
| Taxes (CAD) | |
|---|---|
| Annual | $22,125 |
| Annual Per SF | $3.21 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $25,922 |
| Annual Per SF | $3.76 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $48,047 |
| Annual Per SF | $6.98 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $148,827 |
| Annual Per SF | $21.62 |
Property Facts
| Price | $1,923,245 CAD | Building Class | C |
| Price Per Unit | $240,406 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 | $1,923,245 CAD |
| Price Per Unit | $240,406 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 |
Amenities
Unit Amenities
- Disposal
- Heating
- Tub/Shower
- Instant Hot Water
- Window Coverings
Site Amenities
- 24 Hour Access
- Trash Pickup - Curbside
- Walking/Biking Trails
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 9 | - | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Good public transit
60/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 13-01-210-013-0000 | Total Assessment | $114,954 CAD |
| Land Assessment | $31,705 CAD | Annual Taxes | $22,125 CAD ($3.21 CAD/SF) |
| Improvements Assessment | $83,249 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
13-01-210-013-0000
Land Assessment
$31,705 CAD
Improvements Assessment
$83,249 CAD
Total Assessment
$114,954 CAD
Annual Taxes
$22,125 CAD ($3.21 CAD/SF)
Tax Year
2025
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6215 N Washtenaw Ave
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