3748-3756 W Division St
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3748-3756 W Division St
7 Unit Apartment Building $1,050,000 ($150,000/Unit) 8.39% Cap Rate Chicago, IL 60651
Executive Summary
33 Realty is pleased to announce the opportunity to acquire 3748 W Division St a renovated 7 unit mixed-use building in Chicago’s West Humboldt Park neighborhood. The property is located about 5 blocks west from the name sake park at the corner of Division and Hamlin. The property has a unit mix of four (4) two-bedroom, one-bathroom; one (1) two-bedroom, two bathroom units; and two (2) retail spaces. One of the retail spaces is currently occupied by Mimi's Chicken and the other is corner convenience store. The property presents an investor a unique opportunity to acquire a high quality cash flowing asset. Contact the listing agent for more information and to schedule tours.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$122,460
|
$13.61
|
| Other Income |
$1,731
|
$0.19
|
| Vacancy Loss |
$6,123
|
$0.68
|
| Effective Gross Income |
$118,068
|
$13.12
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$29,987
|
$3.33
|
| Net Operating Income |
$88,081
|
$9.79
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $122,460 |
| Annual Per SF | $13.61 |
| Other Income | |
|---|---|
| Annual | $1,731 |
| Annual Per SF | $0.19 |
| Vacancy Loss | |
|---|---|
| Annual | $6,123 |
| Annual Per SF | $0.68 |
| Effective Gross Income | |
|---|---|
| Annual | $118,068 |
| Annual Per SF | $13.12 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $29,987 |
| Annual Per SF | $3.33 |
| Net Operating Income | |
|---|---|
| Annual | $88,081 |
| Annual Per SF | $9.79 |
Property Facts
Unit Amenities
- Ceiling Fans
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
Site Amenities
- 24 Hour Access
- Smoke Detector
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Walk Score ®
Very Walkable (79)
Bike Score ®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Number | 16-02-130-032-0000 | Improvements Assessment | $28,059 |
| Land Assessment | $4,688 | Total Assessment | $32,747 |
PROPERTY TAXES
Parcel Number
16-02-130-032-0000
Land Assessment
$4,688
Improvements Assessment
$28,059
Total Assessment
$32,747
zoning
| Zoning Code | B3-1 |
| B3-1 |
-
Davis Edgerly -
33 Realty
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3748-3756 W Division St
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