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8917 S Cottage Grove Ave 12 Unit Apartment Building $2,136,411 CAD ($178,034 CAD/Unit) 10.08% Cap Rate Chicago, IL 60619



INVESTMENT HIGHLIGHTS
- Turnkey
- recently renovated apartments
- 12 units with 11 x 2 bedrooms and 1 x 1 bedroom
- new boiler with zoned controls
EXECUTIVE SUMMARY
12 Unit Turnkey available on popular Cottage Grove in the Burnside neighborhood. This property just recently went through a large renovation to all units. The building features an excellent unit mix with 11 x 2 bedrooms and 1 x 1 bedroom. All units are currently rented and producing excellent cash flow. The property is located just blocks from the 87th and Cottage Grove shopping corridor, public transportation and Chicago State University. This is an armchair investment property with nothing further to do. Updated to the property include but are not limited to the following : new kitchens, updated bathrooms, refinished flooring, new appliances., new finish plumbing and electrical fixtures, new electrical panels in unit, newly built out laundry room, 4 newly remodeled common hallways, new central boiler with individual zone controls per unit. The units are all similar in layout and feature spacious layouts with a large living room, eat-in kitchen, and 2 bedrooms. The building also has 7 parking spaces in the back of the building.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $2,136,411 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $178,034 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.22 AC |
| Cap Rate | 10.08% | Building Size | 7,662 SF |
| Gross Rent Multiplier | 6.94 | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1964/2025 |
| Property Subtype | Apartment | ||
| Zoning | RT-4 - Residential areas with two-flats, townhouses, multi-unit buildings, and single-family homes | ||
| Price | $2,136,411 CAD |
| Price Per Unit | $178,034 CAD |
| Sale Type | Investment |
| Cap Rate | 10.08% |
| Gross Rent Multiplier | 6.94 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 7,662 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1964/2025 |
| Zoning | RT-4 - Residential areas with two-flats, townhouses, multi-unit buildings, and single-family homes |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Carpet
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 11 | $2,274 CAD | 981 |
| 1+1 | 1 | $1,103 CAD | 650 |
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Walk Score®
Very Walkable (80)
PROPERTY TAXES
| Parcel Number | 25-02-106-043-0000 | Total Assessment | $87,387 CAD |
| Land Assessment | $20,595 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $66,792 CAD | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
25-02-106-043-0000
Land Assessment
$20,595 CAD
Improvements Assessment
$66,792 CAD
Total Assessment
$87,387 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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Halsted Taylor Real Estate
8917 S Cottage Grove Ave
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