1439 S Saint Louis Ave
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1439 S Saint Louis Ave
6 Unit Apartment Building $799,500 ($133,250/Unit) 13.04% Cap Rate Chicago, IL 60623
Investment Highlights
- Property rents exceptionally well 100% occupancy
Executive Summary
Immaculately Constructed 6-Unit Multi-Family Greystone Building, Complete Rebuild in 2017, 2 of the 6 units are duplex on the 1st floor on a deep lot, Condo like Grade units. All Units Work Done 2017: Roof, Windows DC, tuckpointing, concrete word, HVAC, Plumbing, Electric, Hardwood Throughout, Custom Kitchens & Baths, wooded Frame Back Deck w/ all steel screen doors, Sound Proofing Between Unit Floors, Wired for Sound, ceramic Floor in Bottom Level. Each unit has their own utility's on the same floor All Units Currently Rented. This property will appeal to investors ($9000/mth income) call for more info. Current rent is a lot lower than what the local market suggests a minimum of $200 per unit can be implemented.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$103,152
|
$15.59
|
| Other Income |
$1,800
|
$0.27
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$104,952
|
$15.87
|
| Taxes |
$3,441
|
$0.52
|
| Operating Expenses |
$15,017
|
$2.27
|
| Total Expenses |
$18,458
|
$2.79
|
| Net Operating Income |
$86,494
|
$13.08
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $103,152 |
| Annual Per SF | $15.59 |
| Other Income | |
|---|---|
| Annual | $1,800 |
| Annual Per SF | $0.27 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $104,952 |
| Annual Per SF | $15.87 |
| Taxes | |
|---|---|
| Annual | $3,441 |
| Annual Per SF | $0.52 |
| Operating Expenses | |
|---|---|
| Annual | $15,017 |
| Annual Per SF | $2.27 |
| Total Expenses | |
|---|---|
| Annual | $18,458 |
| Annual Per SF | $2.79 |
| Net Operating Income | |
|---|---|
| Annual | $86,494 |
| Annual Per SF | $13.08 |
Property Facts
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Disposal
- Microwave
- Eat-in Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Tub/Shower
- Basement
- Porch
Site Amenities
- Fenced Lot
- Laundry Facilities
- Bicycle Storage
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 5+2 | 1 | $1,750 | 1,480 |
| 4+1 | 2 | $1,473 | 1,050 - 1,200 |
| 4+2 | 1 | $1,160 | 1,200 |
| 2+1 | 2 | $1,120 | 980 - 1,200 |
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Walk Score ®
Very Walkable (71)
Bike Score ®
Very Bikeable (71)
PROPERTY TAXES
| Parcel Number | 16-23-216-011-0000 | Total Assessment | $46,001 (2024) |
| Land Assessment | $5,438 (2024) | Annual Taxes | $3,441 ($0.52/SF) |
| Improvements Assessment | $40,563 (2024) | Tax Year | 2023 Payable 2023 |
PROPERTY TAXES
Parcel Number
16-23-216-011-0000
Land Assessment
$5,438 (2024)
Improvements Assessment
$40,563 (2024)
Total Assessment
$46,001 (2024)
Annual Taxes
$3,441 ($0.52/SF)
Tax Year
2023 Payable 2023
zoning
| Zoning Code | R3 (Residential) |
| R3 (Residential) |
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Executive Home Realty
1439 S Saint Louis Ave
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