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6361 W Addison St 9 Unit Apartment Building $1,508,154 CAD ($167,573 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.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$155,195
|
$22.49
|
| Other Income |
$8,016
|
$1.16
|
| Vacancy Loss |
$8,161
|
$1.18
|
| Effective Gross Income |
$155,051
|
$22.47
|
| Taxes |
$16,055
|
$2.33
|
| Operating Expenses |
$59,505
|
$8.62
|
| Total Expenses |
$75,561
|
$10.95
|
| Net Operating Income |
$79,490
|
$11.52
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $155,195 |
| Annual Per SF | $22.49 |
| Other Income (CAD) | |
|---|---|
| Annual | $8,016 |
| Annual Per SF | $1.16 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $8,161 |
| Annual Per SF | $1.18 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $155,051 |
| Annual Per SF | $22.47 |
| Taxes (CAD) | |
|---|---|
| Annual | $16,055 |
| Annual Per SF | $2.33 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $59,505 |
| Annual Per SF | $8.62 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $75,561 |
| Annual Per SF | $10.95 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $79,490 |
| Annual Per SF | $11.52 |
PROPERTY FACTS
AMENITIES
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 | $79,979 CAD |
| Land Assessment | $31,782 CAD | Annual Taxes | $16,055 CAD ($2.17 CAD/SF) |
| Improvements Assessment | $48,198 CAD | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
13-20-300-034-0000
Land Assessment
$31,782 CAD
Improvements Assessment
$48,198 CAD
Total Assessment
$79,979 CAD
Annual Taxes
$16,055 CAD ($2.17 CAD/SF)
Tax Year
2024
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6361 W Addison St
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