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630 Westmoreland Dr 5 Unit Apartment Building $957,673 CAD ($191,535 CAD/Unit) 4.18% Cap Rate Vernon Hills, IL 60061
Investment Highlights
- Five-unit multifamily building totaling approximately 3,234 SF
- Quiet residential setting near employment centers, retail, and regional transportation
- Located in the desirable, supply-constrained Vernon Hills submarket
- Strong tenant demand supported by high household incomes and quality schools
Executive Summary
630 Westmoreland Drive presents an attractive multifamily investment opportunity in the highly desirable suburb of Vernon Hills. This property consists of a well-maintained five-unit apartment building totaling approximately 3,234 square feet, offering a stable unit mix and strong long-term fundamentals. Located within a quiet residential neighborhood, the property benefits from proximity to major employment centers and nationally ranked school systems. These fundamentals position Vernon Hills as a resilient suburban rental market, offering investors durable cash flow, defensive downside protection, and long-term appreciation potential driven by constrained supply and sustained tenant demand.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $957,673 CAD | Property Subtype | Apartment |
| Price Per Unit | $191,535 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 4.18% | Building Size | 3,234 SF |
| Gross Rent Multiplier | 11.5 | No. Stories | 2 |
| No. Units | 5 | Year Built | 1962 |
| Property Type | Multifamily |
| Price | $957,673 CAD |
| Price Per Unit | $191,535 CAD |
| Sale Type | Investment |
| Cap Rate | 4.18% |
| Gross Rent Multiplier | 11.5 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 3,234 SF |
| No. Stories | 2 |
| Year Built | 1962 |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Carpet
- Basement
- Dining Room
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $957.81 CAD | 646 |
| 2+1 | 4 | $1,488 CAD | 646 |
1 1
Property Taxes
| Parcel Number | 15-08-111-009 | Total Assessment | $184,991 CAD |
| Land Assessment | $72,289 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $112,702 CAD | Tax Year | 2024 |
Property Taxes
Parcel Number
15-08-111-009
Land Assessment
$72,289 CAD
Improvements Assessment
$112,702 CAD
Total Assessment
$184,991 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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630 Westmoreland Dr
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