3645-3647 N Wilton Ave
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3645-3647 N Wilton Ave
6 Unit Apartment Building $3,350,000 ($558,333/Unit) 6.99% Cap Rate Chicago, IL 60613
Executive Summary
Tremendous opportunity awaits in this historic brick center-entry East Lakeview six-flat. This stunning, versatile building makes a great addition to an existing portfolio or is perfect for a live-in owner or condo conversion. Situated in the heart of Wrigleyville with a 7% cap rate, there is always heavy demand with high rents and strong tenant retention.
This building was fully rehabbed in 2008 and has been meticulously maintained—no deferred maintenance. The building features two 3-bedroom/3-bath duplex downs and four 3-bedroom/2-bath simplexes. All units offer large living spaces, modern kitchens and baths, hardwood floors, in-unit laundry, and private outdoor spaces. Each unit has an assigned parking spot, for a total of 6 parking spots.
Recent improvements include a complete tear-off roof, extensive tuckpointing, and updated porches. All windows, plumbing, and electrical have been updated.
Wrigleyville is one of the most vibrant, in-demand neighborhoods in Chicago. Walk to the lake, restaurants, grocery stores, trains, buses, and Cubs Field!
This building was fully rehabbed in 2008 and has been meticulously maintained—no deferred maintenance. The building features two 3-bedroom/3-bath duplex downs and four 3-bedroom/2-bath simplexes. All units offer large living spaces, modern kitchens and baths, hardwood floors, in-unit laundry, and private outdoor spaces. Each unit has an assigned parking spot, for a total of 6 parking spots.
Recent improvements include a complete tear-off roof, extensive tuckpointing, and updated porches. All windows, plumbing, and electrical have been updated.
Wrigleyville is one of the most vibrant, in-demand neighborhoods in Chicago. Walk to the lake, restaurants, grocery stores, trains, buses, and Cubs Field!
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$297,000
|
$33.00
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$297,000
|
$33.00
|
| Taxes |
$38,763
|
$4.31
|
| Operating Expenses |
$24,110
|
$2.68
|
| Total Expenses |
$62,873
|
$6.99
|
| Net Operating Income |
$234,127
|
$26.01
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $297,000 |
| Annual Per SF | $33.00 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $297,000 |
| Annual Per SF | $33.00 |
| Taxes | |
|---|---|
| Annual | $38,763 |
| Annual Per SF | $4.31 |
| Operating Expenses | |
|---|---|
| Annual | $24,110 |
| Annual Per SF | $2.68 |
| Total Expenses | |
|---|---|
| Annual | $62,873 |
| Annual Per SF | $6.99 |
| Net Operating Income | |
|---|---|
| Annual | $234,127 |
| Annual Per SF | $26.01 |
Property Facts Under Contract
| Price | $3,350,000 | Apartment Style | Low Rise |
| Price Per Unit | $558,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 6.99% | Building Size | 9,000 SF |
| Gross Rent Multiplier | 11 | No. Stories | 3 |
| No. Units | 6 | Year Built | 1889 |
| Property Type | Multifamily | Parking Ratio | 0.67/1,000 SF |
| Property Subtype | Apartment |
| Price | $3,350,000 |
| Price Per Unit | $558,333 |
| Sale Type | Investment |
| Cap Rate | 6.99% |
| Gross Rent Multiplier | 11 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 9,000 SF |
| No. Stories | 3 |
| Year Built | 1889 |
| Parking Ratio | 0.67/1,000 SF |
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Refrigerator
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 4 | $3,900 | 1,500 |
| 3+3 | 2 | $4,600 | 2,250 |
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Walk Score ®
Walker's Paradise (93)
Transit Score ®
Excellent Transit (82)
Bike Score ®
Biker's Paradise (90)
PROPERTY TAXES
| Parcel Number | 14-20-229-003-0000 | Total Assessment | $209,000 (2024) |
| Land Assessment | $104,496 (2024) | Annual Taxes | $38,763 ($4.31/SF) |
| Improvements Assessment | $104,504 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
14-20-229-003-0000
Land Assessment
$104,496 (2024)
Improvements Assessment
$104,504 (2024)
Total Assessment
$209,000 (2024)
Annual Taxes
$38,763 ($4.31/SF)
Tax Year
2023
zoning
| Zoning Code | RM-5 |
| RM-5 |
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3645-3647 N Wilton Ave
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