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6321-6331 S California Ave 31 Unit Apartment Building $3,617,802 CAD ($116,703 CAD/Unit) 8.02% Cap Rate Chicago, IL 60629



Executive Summary
Professional OM available upon request
(25) 1Bd/1Ba
(6) 2Bd/1Ba
8% In-place cap rate
Strong rental demand
6321 S California can be purchased along with 6355 S California and 6400 S Fairfield. 3 Building portfolio | 68-Units within walking distance for prime optimization and management.
(25) 1Bd/1Ba
(6) 2Bd/1Ba
8% In-place cap rate
Strong rental demand
6321 S California can be purchased along with 6355 S California and 6400 S Fairfield. 3 Building portfolio | 68-Units within walking distance for prime optimization and management.
Property Facts
| Price | $3,617,802 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $116,703 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.35 AC |
| Cap Rate | 8.02% | Building Size | 24,537 SF |
| Gross Rent Multiplier | 5.38 | No. Stories | 4 |
| No. Units | 31 | Year Built | 1923 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | RS-3 | ||
| Price | $3,617,802 CAD |
| Price Per Unit | $116,703 CAD |
| Sale Type | Investment |
| Cap Rate | 8.02% |
| Gross Rent Multiplier | 5.38 |
| No. Units | 31 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.35 AC |
| Building Size | 24,537 SF |
| No. Stories | 4 |
| Year Built | 1923 |
| Opportunity Zone |
Yes |
| Zoning | RS-3 |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
Site Amenities
- Courtyard
- Security System
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 25 | - | 750 |
| 2+1 | 6 | - | 1,000 |
1 1
Very walkable
80/100
Fairly drivable
40/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 19-24-200-010-0000 | Improvements Assessment | $251,365 CAD |
| Land Assessment | $20,759 CAD | Total Assessment | $272,125 CAD |
Property Taxes
Parcel Number
19-24-200-010-0000
Land Assessment
$20,759 CAD
Improvements Assessment
$251,365 CAD
Total Assessment
$272,125 CAD
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6321-6331 S California Ave
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