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7120 Oconnell Dr 6 Unit Apartment Building $1,216,486 CAD ($202,748 CAD/Unit) 6.38% Cap Rate Chicago Ridge, IL 60415
Investment Highlights
- Location -Less than one mile from I-294, Chicago Ridge Metra Station, and Bridgeview Mosque
- Well maintained building
- Strong rental demand in area
Executive Summary
For Sale By Owner
• Stable cash-flowing 6-unit building
• Strong rental demand in the area
• Long-term tenants
• Value-add potential through renovations
• All city inspections passed. No maintenance issues.
• Stable cash-flowing 6-unit building
• Strong rental demand in the area
• Long-term tenants
• Value-add potential through renovations
• All city inspections passed. No maintenance issues.
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$115,949
|
$19.32
|
| Other Income |
$1,668
|
$0.28
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$117,617
|
$19.60
|
| Taxes |
$26,357
|
$4.39
|
| Operating Expenses |
$19,440
|
$3.24
|
| Total Expenses |
$45,797
|
$7.63
|
| Net Operating Income |
$71,820
|
$11.97
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $115,949 |
| Annual Per SF | $19.32 |
| Other Income (CAD) | |
|---|---|
| Annual | $1,668 |
| Annual Per SF | $0.28 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $117,617 |
| Annual Per SF | $19.60 |
| Taxes (CAD) | |
|---|---|
| Annual | $26,357 |
| Annual Per SF | $4.39 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $19,440 |
| Annual Per SF | $3.24 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $45,797 |
| Annual Per SF | $7.63 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $71,820 |
| Annual Per SF | $11.97 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 63 | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 24-07-300-005-0000 | Total Assessment | $76,752 CAD (2025) |
| Land Assessment | $6,816 CAD (2025) | Annual Taxes | $26,357 CAD ($4.39 CAD/SF) |
| Improvements Assessment | $69,936 CAD (2025) | Tax Year | 2024 Payable 2025 |
Property Taxes
Parcel Number
24-07-300-005-0000
Land Assessment
$6,816 CAD (2025)
Improvements Assessment
$69,936 CAD (2025)
Total Assessment
$76,752 CAD (2025)
Annual Taxes
$26,357 CAD ($4.39 CAD/SF)
Tax Year
2024 Payable 2025
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Owners Services Inc
7120 Oconnell Dr
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