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Norwood Park Six-Flat Turnkey Investment 6667-69 Devon Ave 6 Unité Immeuble d’appartements 1 674 240 $ CAD (279 040 $ CAD/Unité) 5,87% Taux de capitalisation Chicago, IL 60631



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FAITS SAILLANTS DE L'INVESTISSEMENT
- Stabilized, Fully Leased Asset – Six-unit multifamily with consistent rental income and strong tenant retention.
- Recent Capital Upgrades – New roof, windows, intercom, emergency lighting, and fire safety systems minimize CapEx.
- Efficient Unit Mix – Two (2) garden one-bedroom units and four (4) above-ground one-bedroom units.
- Turnkey Renovations – Updated kitchens, bathrooms, hardwood floors, and modern mechanicals.
- Tenant-Paid Utilities – Tenants pays electric, hot water and cooking gas, lowering operating expenses.
- Tenant Amenities – Six parking spaces, on-site laundry, and secure entry.
RÉSUMÉ DE L'ANNONCE
The Proano Commercial Group presents 6667–69 W. Devon Avenue, a six-unit multifamily investment opportunity located in the highly desirable Norwood Park neighborhood of Chicago. The property offers a strong unit mix of two garden one-bedroom units and four above-ground one-bedroom units, each modernized in with granite countertops, stainless steel appliances, hardwood flooring, ceramic-tile bathrooms, and updated mechanical systems. Building-wide improvements include a new roof, updated windows, intercom system, emergency lighting, and fire safety upgrades, providing a turnkey, low-maintenance investment. Additional amenities such as six gated parking spaces, on-site laundry facilities, and secure entry enhance tenant appeal and long-term value.
Located directly on Devon Avenue, the building enjoys strong visibility in a mixed-use corridor that supports long-term rental stability. The property sits just east of Harlem Avenue, providing immediate access to I-90/94 (Kennedy Expressway), O’Hare International Airport, and the western suburbs — all major draws for commuting professionals. Public transportation is equally convenient, with Metra rail service and multiple CTA bus routes nearby, ensuring accessibility for a wide tenant pool.
This location consistently appeals to tenants due to its walkability to groceries, coffee shops, restaurants, and everyday services. The surrounding Norwood Park community is known for its low vacancy rates, well-maintained housing stock, and strong neighborhood identity, which combine to create long-term rental demand and stability.
For investors, this address represents a prime opportunity to own in a high-barrier-to-entry market where multi-family properties are tightly held. The combination of neighborhood charm, consistent renter interest, and easy connectivity to employment hubs in both downtown Chicago and suburban office corridors ensures durable cash flow and appreciation potential.
Located directly on Devon Avenue, the building enjoys strong visibility in a mixed-use corridor that supports long-term rental stability. The property sits just east of Harlem Avenue, providing immediate access to I-90/94 (Kennedy Expressway), O’Hare International Airport, and the western suburbs — all major draws for commuting professionals. Public transportation is equally convenient, with Metra rail service and multiple CTA bus routes nearby, ensuring accessibility for a wide tenant pool.
This location consistently appeals to tenants due to its walkability to groceries, coffee shops, restaurants, and everyday services. The surrounding Norwood Park community is known for its low vacancy rates, well-maintained housing stock, and strong neighborhood identity, which combine to create long-term rental demand and stability.
For investors, this address represents a prime opportunity to own in a high-barrier-to-entry market where multi-family properties are tightly held. The combination of neighborhood charm, consistent renter interest, and easy connectivity to employment hubs in both downtown Chicago and suburban office corridors ensures durable cash flow and appreciation potential.
SALLE DE DONNÉES Cliquez ici pour accéder à
- Offering Memorandum
BILAN FINANCIER (RÉEL - 2024) Cliquez ici pour accéder à |
ANNUEL (CAD) | ANNUEL PAR pi² (CAD) |
|---|---|---|
| Revenu de location brut |
$99,999
|
$9.99
|
| Autres revenus |
$99,999
|
$9.99
|
| Perte due à l’inoccupation |
$99,999
|
$9.99
|
| Revenu brut effectif |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Dépenses d’exploitation |
$99,999
|
$9.99
|
| Total des dépenses |
$99,999
|
$9.99
|
| Revenu net d’exploitation |
$99,999
|
$9.99
|
BILAN FINANCIER (RÉEL - 2024) Cliquez ici pour accéder à
| Revenu de location brut (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Autres revenus (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Perte due à l’inoccupation (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Revenu brut effectif (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Dépenses d’exploitation (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Total des dépenses (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Revenu net d’exploitation (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
FAITS SUR LA PROPRIÉTÉ
| Prix | 1 674 240 $ CAD | Classe d’immeuble | C |
| Prix par unité | 279 040 $ CAD | Taille du lot | 0,15 AC |
| Type de vente | Investissement | Taille du bâtiment | 4 968 pi² |
| Taux de capitalisation | 5,87% | Occupation moyenne | 100% |
| Multiplicateur du loyer brut | 13.07 | Nombre d’étages | 2 |
| Nombre d’unités | 6 | Année de construction/rénovation | 1947/2019 |
| Type de propriété | Immeuble residentiel | Ratio de stationnement | 1,55/1 000 pi² |
| Sous-type de propriété | Appartement | Rues transversales | Milwaukee Ave and Devon Ave |
| Zonage | R-2 | ||
| Prix | 1 674 240 $ CAD |
| Prix par unité | 279 040 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 5,87% |
| Multiplicateur du loyer brut | 13.07 |
| Nombre d’unités | 6 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Classe d’immeuble | C |
| Taille du lot | 0,15 AC |
| Taille du bâtiment | 4 968 pi² |
| Occupation moyenne | 100% |
| Nombre d’étages | 2 |
| Année de construction/rénovation | 1947/2019 |
| Ratio de stationnement | 1,55/1 000 pi² |
| Rues transversales | Milwaukee Ave and Devon Ave |
| Zonage | R-2 |
UNITÉ RENSEIGNEMENTS SUR LE MÉLANGE
| DESCRIPTION | NOMBRE D’UNITÉS | LOYER MOYEN/MOIS | pi² |
|---|---|---|---|
| 1+1 | 6 | 1 674 $ CAD | 500 - 675 |
1 1
Walk Score®
Très pratique à pied (77)
Bike Score®
Très cyclable (76)
Impôts fonciers
| Numéro de lot | 13-06-203-054-0000 | Évaluation totale | 92 511 $ CAD |
| Évaluation du terrain | 28 792 $ CAD | Impôts annuels | (1 $) CAD (0,00 $ CAD/pi²) |
| Évaluation des bâtiments | 63 719 $ CAD | Année d’imposition | 2024 |
Impôts fonciers
Numéro de lot
13-06-203-054-0000
Évaluation du terrain
28 792 $ CAD
Évaluation des bâtiments
63 719 $ CAD
Évaluation totale
92 511 $ CAD
Impôts annuels
(1 $) CAD (0,00 $ CAD/pi²)
Année d’imposition
2024
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Norwood Park Six-Flat Turnkey Investment | 6667-69 Devon Ave
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