Log In/Sign Up
Your email has been sent.
Chatam II 8054 S Ingleside Ave 45 Unit Apartment Building $3,829,196 CAD ($85,093 CAD/Unit) 10.60% Cap Rate Chicago, IL 60619
Executive Summary
8044 S Ingleside Avenue is an established 45-unit courtyard building in East Chatham featuring 7
studio units, 13 1-bedroom units, and 25 2-bedroom layouts. This cash-flowing investment property
offers significant upside potential through strategic rent bumps, benefiting from the neighborhood's
stable rental fundamentals. The property's strong unit mix provides excellent rental demand and
flexibility.
East Chatham's steady growth and development create favorable conditions for rental rate
increases and long-term value appreciation. With below-market rents in place, this property
presents an excellent opportunity to implement strategic rent increases
studio units, 13 1-bedroom units, and 25 2-bedroom layouts. This cash-flowing investment property
offers significant upside potential through strategic rent bumps, benefiting from the neighborhood's
stable rental fundamentals. The property's strong unit mix provides excellent rental demand and
flexibility.
East Chatham's steady growth and development create favorable conditions for rental rate
increases and long-term value appreciation. With below-market rents in place, this property
presents an excellent opportunity to implement strategic rent increases
Property Facts
| Price | $3,829,196 CAD | Property Subtype | Apartment |
| Price Per Unit | $85,093 CAD | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 10.60% | Lot Size | 0.46 AC |
| Gross Rent Multiplier | 4.5 | Building Size | 36,000 SF |
| No. Units | 45 | No. Stories | 4 |
| Property Type | Multifamily | Year Built/Renovated | 1929/2012 |
| Zoning | R-3, Chicago | ||
| Price | $3,829,196 CAD |
| Price Per Unit | $85,093 CAD |
| Sale Type | Investment |
| Cap Rate | 10.60% |
| Gross Rent Multiplier | 4.5 |
| No. Units | 45 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 36,000 SF |
| No. Stories | 4 |
| Year Built/Renovated | 1929/2012 |
| Zoning | R-3, Chicago |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 7 | - | - |
| 1+1 | 13 | - | - |
| 2+1 | 25 | - | - |
1 1
Walk Score®
Very Walkable (87)
Property Taxes
| Parcel Number | 20-35-109-027-0000 | Improvements Assessment | $364,279 CAD |
| Land Assessment | $41,688 CAD | Total Assessment | $405,967 CAD |
Property Taxes
Parcel Number
20-35-109-027-0000
Land Assessment
$41,688 CAD
Improvements Assessment
$364,279 CAD
Total Assessment
$405,967 CAD
1 of 19
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Chatam II | 8054 S Ingleside Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.