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7120 Oconnell Dr 6 Unit Apartment Building $1,198,750 CAD ($199,792 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 |
$114,258
|
$19.04
|
| Other Income |
$1,644
|
$0.27
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$115,902
|
$19.32
|
| Taxes |
$25,972
|
$4.33
|
| Operating Expenses |
$19,157
|
$3.19
|
| Total Expenses |
$45,129
|
$7.52
|
| Net Operating Income |
$70,773
|
$11.80
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $114,258 |
| Annual Per SF | $19.04 |
| Other Income (CAD) | |
|---|---|
| Annual | $1,644 |
| Annual Per SF | $0.27 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $115,902 |
| Annual Per SF | $19.32 |
| Taxes (CAD) | |
|---|---|
| Annual | $25,972 |
| Annual Per SF | $4.33 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $19,157 |
| Annual Per SF | $3.19 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $45,129 |
| Annual Per SF | $7.52 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $70,773 |
| Annual Per SF | $11.80 |
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 | $77,207 CAD (2025) |
| Land Assessment | $6,856 CAD (2025) | Annual Taxes | $25,972 CAD ($4.33 CAD/SF) |
| Improvements Assessment | $70,351 CAD (2025) | Tax Year | 2024 Payable 2025 |
Property Taxes
Parcel Number
24-07-300-005-0000
Land Assessment
$6,856 CAD (2025)
Improvements Assessment
$70,351 CAD (2025)
Total Assessment
$77,207 CAD (2025)
Annual Taxes
$25,972 CAD ($4.33 CAD/SF)
Tax Year
2024 Payable 2025
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Owners Services Inc
7120 Oconnell Dr
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