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7701 S Eggleston Ave 7701 S Eggelston St 9 Unit Apartment Building $606,729 CAD ($67,414 CAD/Unit) 13.09% Cap Rate Chicago, IL 60620



INVESTMENT HIGHLIGHTS
- Cap Rate: 14.4% | Cash-on-Cash Return: 32.5% - Nearly Impossible to Find Anywhere!
- 9 Unit Money Maker
- Fully Rented
EXECUTIVE SUMMARY
9-Unit All-Brick Cash Cow Located on a Quiet Block in Chicago's Hidden Gem - Winneconna Parkway! Cap Rate: 14.4% | Cash-on-Cash Return: 32.5% - Nearly Impossible to Find Anywhere! Check Out This incredible Investment Opportunity Located in One of Chicago's Most Unique & Desirable Residential Enclaves! Situated in Historic Winneconna Parkway, This All-Brick 9-Unit Building Offers Both Strong Current Cash Flow and Major Upside Potential! Featuring Six (2 Bed / 1 Bath) Units and Three (1 Bed / 1 Bath) Units - Totaling 15 Bedrooms and 9 Bathrooms! Fully Rented w/ All Cash Tenants on Month-to-Month Leases! Below-Market Rents w/ the Ability to Increase $100-$300 Per Month Per Unit, Significantly Boosting NOI! Most Units Have Gorgeous Hardwood Floors and Separate Living & Dining Rooms! Boiler System Under 8 Years Old - Reducing Near-Term Maintenance Costs! All Units Include Stoves & Refrigerators. Large Building w/ 6528 sq ft & Multiple Basements. Beyond the Numbers, This Building is Located in the Winneconna Parkway / Auburn Park Area, a True Hidden Treasure in One of the Nicest Residential Blocks in All of Chicago. Developed in the Late 1800s on Land Once Owned by Chicago's First Mayor, William B. Ogden, the Area is Known for its Serene Lagoons, Charming Bridges & Historic Architecture! This is More Than Just an Apartment Building-it's an Opportunity to Own Property in a Historically Rich & Highly Promising Area of Chicago. New Metra Auburn Park Station, Located Near Winneconna Parkway and 79th Street, is Scheduled to Open in 2026! The 79th Street Corridor Plan is Set to Completely Revitalize and Transform the Area w/ a Vibrant Mix of New Uses! Don't Miss Out on This Rare 9-Unit Money Maker w/ Massive Upside Potential!
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$127,413
|
$19.52
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$127,413
|
$19.52
|
| Taxes |
$16,418
|
$2.51
|
| Operating Expenses |
$31,575
|
$4.84
|
| Total Expenses |
$47,992
|
$7.35
|
| Net Operating Income |
$79,421
|
$12.17
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $127,413 |
| Annual Per SF | $19.52 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $127,413 |
| Annual Per SF | $19.52 |
| Taxes (CAD) | |
|---|---|
| Annual | $16,418 |
| Annual Per SF | $2.51 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $31,575 |
| Annual Per SF | $4.84 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $47,992 |
| Annual Per SF | $7.35 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $79,421 |
| Annual Per SF | $12.17 |
PROPERTY FACTS
| Price | $606,729 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $67,414 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.25 AC |
| Cap Rate | 13.09% | Building Size | 6,528 SF |
| Gross Rent Multiplier | 3.24 | No. Stories | 2 |
| No. Units | 9 | Year Built | 1924 |
| Property Type | Multifamily | Parking Ratio | 0.46/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | RT-4 - RT-4 Multi-Family | ||
| Price | $606,729 CAD |
| Price Per Unit | $67,414 CAD |
| Sale Type | Investment |
| Cap Rate | 13.09% |
| Gross Rent Multiplier | 3.24 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 6,528 SF |
| No. Stories | 2 |
| Year Built | 1924 |
| Parking Ratio | 0.46/1,000 SF |
| Zoning | RT-4 - RT-4 Multi-Family |
AMENITIES
UNIT AMENITIES
- Storage Space
- Heating
- Ceiling Fans
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Basement
- Dining Room
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 7 | $1,310 CAD | - |
| 1+1 | 2 | $1,310 CAD | - |
1 1
Walk Score®
Very Walkable (71)
PROPERTY TAXES
| Parcel Number | 20-28-320-001-0000 | Total Assessment | $79,908 CAD |
| Land Assessment | $6,921 CAD | Annual Taxes | $16,418 CAD ($2.51 CAD/SF) |
| Improvements Assessment | $72,987 CAD | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
20-28-320-001-0000
Land Assessment
$6,921 CAD
Improvements Assessment
$72,987 CAD
Total Assessment
$79,908 CAD
Annual Taxes
$16,418 CAD ($2.51 CAD/SF)
Tax Year
2024
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7701 S Eggleston Ave | 7701 S Eggelston St
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