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8701 S Clyde Ave 9 Unit Apartment Building $1,146,973 CAD ($127,441 CAD/Unit) 8.89% Cap Rate Chicago, IL 60617
Investment Highlights
- Nine-unit stabilized building with a mix of one- and two-bedroom apartments.
- Excellent accessibility to I-90, the Red Line, and Lake Michigan recreational areas.
- Underwritten NOI growth from $58,339 in place to $68,606 stabilized demonstrates income upside.
- Approximately 44% of units supported by CHA vouchers, providing guaranteed rental income.
- Steps from the 87th Street retail district and close to medical facilities like Advocate Trinity Hospital.
Executive Summary
33 Realty presents 8701 S Clyde Avenue — a value-add 9-unit
multifamily asset in South Chicago. Very large units with upside in rents and up to date mechanicals.
The property delivers a clean seven ×1BR/1BA + two ×2BR/1BA unit mix
in a vintage masonry walk-up.
The asset is 89% occupied at acquisition with rent upside and several units with tenants subsidized by Chicago Housing Authority voucher tenants —
providing government-backed rental income at or above market rents.
multifamily asset in South Chicago. Very large units with upside in rents and up to date mechanicals.
The property delivers a clean seven ×1BR/1BA + two ×2BR/1BA unit mix
in a vintage masonry walk-up.
The asset is 89% occupied at acquisition with rent upside and several units with tenants subsidized by Chicago Housing Authority voucher tenants —
providing government-backed rental income at or above market rents.
Property Facts
| Price | $1,146,973 CAD | Property Subtype | Apartment |
| Price Per Unit | $127,441 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 8.89% | Lot Size | 0.17 AC |
| Gross Rent Multiplier | 5.6 | Building Size | 9,117 SF |
| No. Units | 9 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1968 |
| Zoning | 10 - Commercial | ||
| Price | $1,146,973 CAD |
| Price Per Unit | $127,441 CAD |
| Sale Type | Investment |
| Cap Rate | 8.89% |
| Gross Rent Multiplier | 5.6 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 9,117 SF |
| No. Stories | 3 |
| Year Built | 1968 |
| Zoning | 10 - Commercial |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | - | - |
| 2+1 | 2 | - | - |
1 1
Moderately walkable
70/100
Very drivable
80/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 25-01-202-049-0000 | Improvements Assessment | $64,511 CAD |
| Land Assessment | $9,961 CAD | Total Assessment | $74,472 CAD |
Property Taxes
Parcel Number
25-01-202-049-0000
Land Assessment
$9,961 CAD
Improvements Assessment
$64,511 CAD
Total Assessment
$74,472 CAD
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8701 S Clyde Ave
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