4219 N Francisco | 4219 N Francisco Ave
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4219 N Francisco 4219 N Francisco Ave
3 Unit Apartment Building $1,048,000 ($349,333/Unit) 6.64% Cap Rate Chicago, IL 60618
Investment Highlights
- Fully renovated building with modern amenities
- Prime location in the sought-after Horner Park area
- 100% occupancy with reliable rental income
Executive Summary
Charming Horner Park Investment Opportunity! Located at 4219 N Francisco Ave, this beautiful 3-unit brick building is perfect for investors or owner-occupants and was fully renovated in 2016 down to the studs. The first-floor duplex features 3 bedrooms and 2.5 baths, fully renovated with modern finishes. The second and third-floor units each offer 3 bedrooms and 1 bath, with hardwood floors, quartz countertops, and decorative fireplaces. Each unit has separate HVAC systems and in-unit laundry. The property also includes a 2-car garage and a lovely backyard. Situated in the thriving Horner Park neighborhood, you’ll be steps away from parks, schools, restaurants, and the Francisco Brown Line El station. Don’t miss this turn-key cash flowing investment in a prime location! Units 1&3 are market tenants and unit 2 is CHA voucher tenant.
Data Room Click Here to Access
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$86,460
|
$19.34
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$86,460
|
$19.34
|
| Taxes |
$12,677
|
$2.84
|
| Operating Expenses |
$4,194
|
$0.94
|
| Total Expenses |
$16,871
|
$3.77
|
| Net Operating Income |
$69,589
|
$15.57
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $86,460 |
| Annual Per SF | $19.34 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $86,460 |
| Annual Per SF | $19.34 |
| Taxes | |
|---|---|
| Annual | $12,677 |
| Annual Per SF | $2.84 |
| Operating Expenses | |
|---|---|
| Annual | $4,194 |
| Annual Per SF | $0.94 |
| Total Expenses | |
|---|---|
| Annual | $16,871 |
| Annual Per SF | $3.77 |
| Net Operating Income | |
|---|---|
| Annual | $69,589 |
| Annual Per SF | $15.57 |
Property Facts
| Price | $1,048,000 | Apartment Style | Mid Rise |
| Price Per Unit | $349,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Cap Rate | 6.64% | Building Size | 4,470 SF |
| No. Units | 3 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built/Renovated | 1912/2016 |
| Price | $1,048,000 |
| Price Per Unit | $349,333 |
| Sale Type | Investment |
| Cap Rate | 6.64% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 4,470 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built/Renovated | 1912/2016 |
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Washer/Dryer
- Heating
- Stainless Steel Appliances
- Yard
- Porch
Site Amenities
- Fenced Lot
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2.5 | 1 | $2,690 | - |
| 3+1 | 2 | $2,142 | - |
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Walk Score ®
Very Walkable (72)
Bike Score ®
Very Bikeable (79)
PROPERTY TAXES
| Parcel Number | 13-13-314-013-0000 | Total Assessment | $76,000 (2024) |
| Land Assessment | $19,375 (2024) | Annual Taxes | $12,677 ($2.84/SF) |
| Improvements Assessment | $56,625 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
13-13-314-013-0000
Land Assessment
$19,375 (2024)
Improvements Assessment
$56,625 (2024)
Total Assessment
$76,000 (2024)
Annual Taxes
$12,677 ($2.84/SF)
Tax Year
2023
zoning
| Zoning Code | RS-3 (Residential) |
| RS-3 (Residential) |
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4219 N Francisco | 4219 N Francisco Ave
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