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6361 W Addison St 9 Unit Apartment Building $1,500,369 CAD ($166,708 CAD/Unit) 5.27% Cap Rate Chicago, IL 60634
Investment Highlights
- Corner Lot
- 6 Rear Surface Parking Spaces
- Building-Owned Common Area Laundry
Executive Summary
6361 W. Addison is a 9-unit multifamily asset offered as part of the Gary R. Carlson Northwest Side Portfolio, located in Chicago’s Portage Park neighborhood. The building features six residential units, consisting of seven 1-bedroom apartments and two 2-bedroom apartments, offering an efficient and desirable mix for this family-oriented Northwest Side submarket. Built in 1965 with 7,000 rentable square feet, the property includes a solid masonry exterior, building-owned common area laundry, and six rear surface parking spaces, supporting both tenant convenience and operational income. Well-positioned along the Addison corridor near local retail, parks, schools, and major transit routes, the asset provides stable in-place cash flow with additional value-add potential through increasing below-market rents and interior updates. RT-4 Zoning.
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$154,394
|
$22.44
|
| Other Income |
$7,975
|
$1.16
|
| Vacancy Loss |
$8,118
|
$1.18
|
| Effective Gross Income |
$154,250
|
$22.42
|
| Taxes |
$15,972
|
$2.32
|
| Operating Expenses |
$59,198
|
$8.60
|
| Total Expenses |
$75,171
|
$10.93
|
| Net Operating Income |
$79,080
|
$11.49
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $154,394 |
| Annual Per SF | $22.44 |
| Other Income (CAD) | |
|---|---|
| Annual | $7,975 |
| Annual Per SF | $1.16 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $8,118 |
| Annual Per SF | $1.18 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $154,250 |
| Annual Per SF | $22.42 |
| Taxes (CAD) | |
|---|---|
| Annual | $15,972 |
| Annual Per SF | $2.32 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $59,198 |
| Annual Per SF | $8.60 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $75,171 |
| Annual Per SF | $10.93 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $79,080 |
| Annual Per SF | $11.49 |
Property Facts
| Price | $1,500,369 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $166,708 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 5.27% | Building Size | 6,880 SF |
| Sale Condition | Bulk/Portfolio Sale | Average Occupancy | 78% |
| Gross Rent Multiplier | 9.24 | No. Stories | 2 |
| No. Units | 9 | Year Built | 1965 |
| Property Type | Multifamily | Parking Ratio | 0.87/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | RT-4 - RT-4 Zoning | ||
| Price | $1,500,369 CAD |
| Price Per Unit | $166,708 CAD |
| Sale Type | Investment |
| Cap Rate | 5.27% |
| Sale Condition | Bulk/Portfolio Sale |
| Gross Rent Multiplier | 9.24 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 6,880 SF |
| Average Occupancy | 78% |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 0.87/1,000 SF |
| Zoning | RT-4 - RT-4 Zoning |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | - | 750 |
| 2+1 | 2 | - | 850 |
1 1
Walk Score®
Very Walkable (70)
Property Taxes
| Parcel Number | 13-20-300-034-0000 | Total Assessment | $78,609 CAD (2025) |
| Land Assessment | $31,237 CAD (2025) | Annual Taxes | $15,972 CAD ($2.32 CAD/SF) |
| Improvements Assessment | $47,372 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
13-20-300-034-0000
Land Assessment
$31,237 CAD (2025)
Improvements Assessment
$47,372 CAD (2025)
Total Assessment
$78,609 CAD (2025)
Annual Taxes
$15,972 CAD ($2.32 CAD/SF)
Tax Year
2024
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6361 W Addison St
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