6120-34 Hamilton Ave
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6120-34 Hamilton Ave
15 Unit Apartment Building $2,847,500 ($189,833/Unit) 5.99% Cap Rate Chicago, IL 60659
INVESTMENT HIGHLIGHTS
- The spacious rooms highlight the property's charm, blending vintage character with modern amenities. The garage is attached.
- Many units feature balconies, providing ample natural light and an inviting atmosphere.
- The subject property is within walking distance of the Devon Avenue retail corridor and the Western Avenue retail corridor.
- The updated kitchens come fully equipped with a microwave, refrigerator, dishwasher, and stove, while the renovated bathrooms add to the appeal.
- This well-maintained property, with its blend of classic style and modern updates, is an excellent investment opportunity.
- The subject property is also accessible via Western Avenue, Peterson Avenue, and Devon Avenue CTA bus lines. There is no rail service in the immediate
EXECUTIVE SUMMARY
This prime multi-family investment opportunity is located in the vibrant West Ridge neighborhood on the north side of Chicago. The property consists of two multi-family walk-up buildings at 6120-6122 N. Hamilton Ave and 6128-6134 N. Hamilton Ave, featuring a total of 15 units. The unit configuration includes twelve 2-bedroom, 1-bathroom units ranging from 800 to 1,000 square feet, and three 1-bedroom, 1-bathroom units ranging from 600 to 750 square feet. Built in 1951 and renovated in 2019, the property sits on a 0.18-acre site and includes two garage parking spaces, on-site storage spaces, and a laundry room. This well-maintained property represent a fantastic cash cow and an excellent investment opportunity. With stable income potential and long-term growth prospects, this property is ideal for investors seeking a reliable and lucrative addition to their portfolio.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$296,820
|
$22.19
|
| Other Income |
$21,240
|
$1.59
|
| Vacancy Loss |
$14,841
|
$1.11
|
| Effective Gross Income |
$303,219
|
$22.67
|
| Taxes |
$26,490
|
$1.98
|
| Operating Expenses |
$81,610
|
$6.10
|
| Total Expenses |
$108,100
|
$8.08
|
| Net Operating Income |
$195,119
|
$14.59
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $296,820 |
| Annual Per SF | $22.19 |
| Other Income | |
|---|---|
| Annual | $21,240 |
| Annual Per SF | $1.59 |
| Vacancy Loss | |
|---|---|
| Annual | $14,841 |
| Annual Per SF | $1.11 |
| Effective Gross Income | |
|---|---|
| Annual | $303,219 |
| Annual Per SF | $22.67 |
| Taxes | |
|---|---|
| Annual | $26,490 |
| Annual Per SF | $1.98 |
| Operating Expenses | |
|---|---|
| Annual | $81,610 |
| Annual Per SF | $6.10 |
| Total Expenses | |
|---|---|
| Annual | $108,100 |
| Annual Per SF | $8.08 |
| Net Operating Income | |
|---|---|
| Annual | $195,119 |
| Annual Per SF | $14.59 |
PROPERTY FACTS
| Price | $2,847,500 | Apartment Style | Low Rise |
| Price Per Unit | $189,833 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 5.99% | Building Size | 13,374 SF |
| Gross Rent Multiplier | 10 | Average Occupancy | 100% |
| No. Units | 15 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1959 |
| Property Subtype | Apartment | Parking Ratio | 0.15/1,000 SF |
| Price | $2,847,500 |
| Price Per Unit | $189,833 |
| Sale Type | Investment |
| Cap Rate | 5.99% |
| Gross Rent Multiplier | 10 |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 13,374 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1959 |
| Parking Ratio | 0.15/1,000 SF |
UNIT AMENITIES
- Balcony
- Dishwasher
- Microwave
- Storage Space
- Washer/Dryer
- Heating
- Ceiling Fans
- Kitchen
- Granite Countertops
- Hardwood Floors
- High Speed Internet Access
- Stainless Steel Appliances
- Range
- Dining Room
- Double Pane Windows
- Framed Mirrors
- Lawn
- Smoke Free
- Window Coverings
SITE AMENITIES
- 24 Hour Access
- Security System
- Gated
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 3 | $1,400 | 600 - 750 |
| 2+1 | 12 | $1,668 | 800 - 1,000 |
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PROPERTY TAXES
| Parcel Number | 14-06-116-048-0000 | Total Assessment | $85,000 (2024) |
| Land Assessment | $27,342 (2024) | Annual Taxes | $26,490 ($1.98/SF) |
| Improvements Assessment | $57,658 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
14-06-116-048-0000
Land Assessment
$27,342 (2024)
Improvements Assessment
$57,658 (2024)
Total Assessment
$85,000 (2024)
Annual Taxes
$26,490 ($1.98/SF)
Tax Year
2025
ZONING
| Zoning Code | RS-3 (Residential Single-Unit District) |
| RS-3 (Residential Single-Unit District) |
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6120-34 Hamilton Ave
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