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AIA /// 14 UNITS /// HUMBOLDT PARK 635 N Springfield Ave 14 Unit Apartment Building $2,396,835 CAD ($171,202 CAD/Unit) 9.55% Cap Rate Chicago, IL 60624
Investment Highlights
- ALL 2 & 3-BEDROOM APARTMENTS
- TENANT PAID HEAT & HOT WATER
- 3 BLOCKS TO LAURA WARD STEM ELEMENTARY SCHOOL
- GUT REHABBED BUILDING INCLUDING ALL SYSTEMS (2018)
- 2 BLOCKS TO ORR ACADEMY HIGH SCHOOL
- 4 BLOCKS TO GREEN LINE TRAIN (PULASKI)
Executive Summary
Apartment Investment Advisers, LLC ("AIA") has been granted the exclusive right to market and sell the subject property.
AIA is a Chicago-based commercial real estate brokerage firm focused exclusively on the marketing and sale of multifamily properties throughout the Chicago metropolitan area. The firm has represented it's clients in the sale of more than 500 apartment buildings totaling in excess of 10,000 apartment units and over $1,000,000,000 in sales volume.
For more information, please contact AIA:
info@aia-chicago.com | aia-chicago.com | 773.799.9299
AIA is a Chicago-based commercial real estate brokerage firm focused exclusively on the marketing and sale of multifamily properties throughout the Chicago metropolitan area. The firm has represented it's clients in the sale of more than 500 apartment buildings totaling in excess of 10,000 apartment units and over $1,000,000,000 in sales volume.
For more information, please contact AIA:
info@aia-chicago.com | aia-chicago.com | 773.799.9299
Property Facts
| Price | $2,396,835 CAD | Property Subtype | Apartment |
| Price Per Unit | $171,202 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 9.55% | Building Size | 20,000 SF |
| Gross Rent Multiplier | 6.41 | No. Stories | 3 |
| No. Units | 14 | Year Built | 1929 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Price | $2,396,835 CAD |
| Price Per Unit | $171,202 CAD |
| Sale Type | Investment |
| Cap Rate | 9.55% |
| Gross Rent Multiplier | 6.41 |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Building Size | 20,000 SF |
| No. Stories | 3 |
| Year Built | 1929 |
| Opportunity Zone |
Yes |
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Property Taxes
| Parcel Number | 16-11-112-015-0000 | Improvements Assessment | $182,464 CAD |
| Land Assessment | $11,886 CAD | Total Assessment | $194,350 CAD |
Property Taxes
Parcel Number
16-11-112-015-0000
Land Assessment
$11,886 CAD
Improvements Assessment
$182,464 CAD
Total Assessment
$194,350 CAD
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AIA /// 14 UNITS /// HUMBOLDT PARK | 635 N Springfield Ave
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