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Dante Apartments 6841 S Dante Ave 6 Unit Apartment Building $1,003,400 CAD ($167,233 CAD/Unit) 7.28% Cap Rate Chicago, IL 60637
Investment Highlights
- Located 0.5 miles from the newly Obama Presidential Center (OPC)
- Remodeled interiors featuring hardwood floors & R&D heat control system
- Fully occupied, well-maintained 6-unit property with basement laundry
Executive Summary
Prime investment opportunity featuring a meticulously maintained, 6-unit multifamily property located just half a mile from the Obama Presidential Center. Each spacious unit offers approximately 1,200 SF of fully remodeled living space, complete with 2 bedrooms, 1 bath, hardwood flooring throughout, high ceilings, separate living and dining rooms, and included kitchen appliances (stove & fridge). Key infrastructure upgrades include a boiler replacement (2020), hot water tank replacement (2022), and a complete roof overlay with silver coat (2023). Additional amenities feature basement laundry facilities, an underground sprinkler system, and a 5-car brick garage.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$119,975
|
$15.40
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$119,975
|
$15.40
|
| Taxes |
$15,614
|
$2.00
|
| Operating Expenses |
$31,291
|
$4.02
|
| Total Expenses |
$46,905
|
$6.02
|
| Net Operating Income |
$73,069
|
$9.38
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $119,975 |
| Annual Per SF | $15.40 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $119,975 |
| Annual Per SF | $15.40 |
| Taxes (CAD) | |
|---|---|
| Annual | $15,614 |
| Annual Per SF | $2.00 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $31,291 |
| Annual Per SF | $4.02 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $46,905 |
| Annual Per SF | $6.02 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $73,069 |
| Annual Per SF | $9.38 |
Property Facts
| Price | $1,003,400 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $167,233 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 7.28% | Building Size | 7,793 SF |
| Gross Rent Multiplier | 8.36 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1940 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | Residential/Multifamily - Residential/Multifamily | ||
| Price | $1,003,400 CAD |
| Price Per Unit | $167,233 CAD |
| Sale Type | Investment |
| Cap Rate | 7.28% |
| Gross Rent Multiplier | 8.36 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 7,793 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1940 |
| Opportunity Zone |
Yes |
| Zoning | Residential/Multifamily - Residential/Multifamily |
1 1
Very walkable
80/100
Moderately drivable
60/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 20-23-407-011-0000 | Total Assessment | $77,482 CAD |
| Land Assessment | $13,464 CAD | Annual Taxes | $15,614 CAD ($2.00 CAD/SF) |
| Improvements Assessment | $64,018 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
20-23-407-011-0000
Land Assessment
$13,464 CAD
Improvements Assessment
$64,018 CAD
Total Assessment
$77,482 CAD
Annual Taxes
$15,614 CAD ($2.00 CAD/SF)
Tax Year
2025
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Dante Apartments | 6841 S Dante Ave
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