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7-Unit East Garfield Park Portfolio 2 Multifamily Properties Offered at $2,093,880 CAD in Chicago, IL
INVESTMENT HIGHLIGHTS
- Turnkey Portfolio – Rare opportunity to acquire 7 fully leased rentals in East Garfield Park.
- Strong Demand Drivers – Neighborhood is one of Chicago’s fastest-rising markets, ensuring long-term appreciation potential.
- Parking Advantage – Two tandem parking spaces per unit (14 total), a rare amenity in the city.
- Prime Location – Minutes from the United Center, Downtown Chicago, public transit, and expressways.
- Modern Amenities – Each unit includes in-unit laundry, central HVAC, private patios, and upgraded finishes for maximum tenant appeal.
- Outdoor Space – Extra-deep 200’ lot with a 65-foot backyard, ideal for tenant enjoyment or future development.
EXECUTIVE SUMMARY
Rare chance to acquire 7 fully leased investment properties / Airbnb rentals in East Garfield Park, one of Chicago’s fastest-rising neighborhoods. Each unit is well-maintained and is ideal for investors or owner-occupants seeking steady income with long-term growth potential. Each unit is thoughtfully designed with in-unit laundry, central heat & A/C, and private patios, delivering the comfort and convenience today’s renters demand. Situated on an extra-deep 200’ lot, the property features a sprawling 65-foot backyard, perfect for outdoor enjoyment or future development. Every unit also comes with two tandem parking spaces, a rare bonus in the city. Recent upgrades ensure peace of mind for the next owner, while the prime location, just minutes to the United Center, Downtown, public transit, and expressways, keeps demand strong. Don't miss out on this incredible opportunity to own turn-key investment properties in the heart of East Garfield Park!
TAXES & OPERATING EXPENSES (ACTUAL - 2024) |
ANNUAL (CAD) |
|---|---|
| Gross Rental Income |
$221,331
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$221,331
|
| Taxes |
-
|
| Operating Expenses |
-
|
| Total Expenses |
$64,430
|
| Net Operating Income |
$156,901
|
TAXES & OPERATING EXPENSES (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $221,331 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $221,331 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $64,430 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $156,901 |
PROPERTY FACTS
| Price | $2,093,880 CAD | Number of Properties | 2 |
| Price / SF | $291.14 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 7.49% | Total Building Size | 7,192 SF |
| Sale Type | Investment | Total Land Area | 0.12 AC |
| Status | Active |
| Price | $2,093,880 CAD |
| Price / SF | $291.14 CAD / SF |
| Cap Rate | 7.49% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 7,192 SF |
| Total Land Area | 0.12 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 3026 W Washington Blvd, Chicago, IL 60612 | Multifamily | 4,200 SF | 2007 | - |
| 3022 W Washington Blvd, Chicago, IL 60612 | Multifamily | 2,992 SF | 2007 | - |
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7-Unit East Garfield Park Portfolio
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