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815 S Bell Ave 4 Unit Apartment Building Offered at $1,275,510 CAD at a 7.79% Cap Rate Chicago, IL 60612
EXECUTIVE SUMMARY
CASH ONLY BUYERS - Wonderful investment opportunity in the Tri-Taylor/Illinois Medical District with $72,029 proforma net income at 7.79% net ROI. Fully rented 4-unit building, well maintained and updated, with laundry in each unit. Large rooftop deck for summer enjoyment. Great location, minutes to the Loop, IL Medical District, UIC, I-290, and Blue Line. Beautiful quiet Cul-de-sac Street with residential permit parking. Cash flow data available upon request. 4 units including coach house. All tenants pay all utilities except water.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$128,240
|
$32.06
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$128,240
|
$32.06
|
| Taxes |
$14,395
|
$3.60
|
| Operating Expenses |
$14,523
|
$3.63
|
| Total Expenses |
$28,918
|
$7.23
|
| Net Operating Income |
$99,323
|
$24.83
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $128,240 |
| Annual Per SF | $32.06 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $128,240 |
| Annual Per SF | $32.06 |
| Taxes (CAD) | |
|---|---|
| Annual | $14,395 |
| Annual Per SF | $3.60 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $14,523 |
| Annual Per SF | $3.63 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $28,918 |
| Annual Per SF | $7.23 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,323 |
| Annual Per SF | $24.83 |
PROPERTY FACTS
| Price | $1,275,510 CAD | Lot Size | 0.07 AC |
| Price Per Unit | $318,878 CAD | Building Size | 4,000 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 7.79% | No. Stories | 2 |
| No. Units | 4 | Year Built/Renovated | 1900/2020 |
| Property Type | Multifamily | ||
| Zoning | PD 30 | ||
| Price | $1,275,510 CAD |
| Price Per Unit | $318,878 CAD |
| Sale Type | Investment |
| Cap Rate | 7.79% |
| No. Units | 4 |
| Property Type | Multifamily |
| Lot Size | 0.07 AC |
| Building Size | 4,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1900/2020 |
| Zoning | PD 30 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1.5 | 2 | $3,034 CAD | - |
| 2+1 | 1 | $2,620 CAD | - |
| Studios | 1 | $1,999 CAD | - |
1 1
Walk Score®
Very Walkable (84)
Transit Score®
Excellent Transit (73)
Bike Score®
Biker's Paradise (92)
PROPERTY TAXES
| Parcel Number | 17-18-317-008-0000 | Total Assessment | $76,148 CAD |
| Land Assessment | $24,423 CAD | Annual Taxes | $14,395 CAD ($3.60 CAD/SF) |
| Improvements Assessment | $51,725 CAD | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
17-18-317-008-0000
Land Assessment
$24,423 CAD
Improvements Assessment
$51,725 CAD
Total Assessment
$76,148 CAD
Annual Taxes
$14,395 CAD ($3.60 CAD/SF)
Tax Year
2024
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815 S Bell Ave
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