16-18 N Lorel Ave 23 Unit Apartment Building $2,913,162 CAD ($126,659 CAD/Unit) Chicago, IL 60644
EXECUTIVE SUMMARY
Do not miss this lucrative opportunity to acquire a fully leased 23-Unit Multi-Family property in Chicago's vibrant Austin neighborhood. This well-maintained asset generates an impressive gross annual income o, offering a strong return on investment. With an asking price of $2.1 million, this property is a prime addition to any investor's portfolio.
Ideally located in a thriving, transit-friendly neighborhood, the property offers easy access to public transportation, shopping, schools, and local attractions. Austin's ongoing revitalization only adds to the area's long-term growth potential. With an asking price of $2.1 million, this property is an excellent addition to any investor's portfolio.
This property won't last long, contact today to schedule a tour!
Ideally located in a thriving, transit-friendly neighborhood, the property offers easy access to public transportation, shopping, schools, and local attractions. Austin's ongoing revitalization only adds to the area's long-term growth potential. With an asking price of $2.1 million, this property is an excellent addition to any investor's portfolio.
This property won't last long, contact today to schedule a tour!
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
| Price | $2,913,162 CAD |
| Price Per Unit | $126,659 CAD |
| Sale Type | Investment |
| No. Units | 23 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 17,525 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1927 |
| Opportunity Zone |
Yes |
UNIT AMENITIES
- Refrigerator
- Range
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | $1,244 CAD | 712 |
| 2+1 | 19 | $1,427 CAD | 981 |
| 3+1 | 3 | $1,931 CAD | 1,284 |
Walk Score®
Very Walkable (80)
PROPERTY TAXES
| Parcel Number | 16-09-321-026-0000 | Total Assessment | $299,154 CAD |
| Land Assessment | $17,744 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $281,410 CAD | Tax Year | 2024 |
ZONING
| Zoning Code | RT-4 (Residential Two-Flat, Townhouse and Multi-Unit District) |
CONTACT
-
Jerome Malry - EJM
