• Broker Kyle Stengle 3123275455
  • Broker Stephen Rachman 8472123443

2034-2044 W Hood Ave 10 Unit Apartment Building $2,057,423 CAD ($205,742 CAD/Unit) 7.72% Cap Rate Chicago, IL 60659

View Photo

INVESTMENT HIGHLIGHTS

  • Located in West Ridge, Chicago, under 10 minute walk to Peterson/Ridge UP North Metra station, offering convenient access to transportation
  • Roughly 80% of this property's tenants, and their rents, are secured by various social service organizations
  • 8.03% Cash on Cash return Year 1; over 12% Pro-Forma Cash on Cash return potential
  • Features 10 one-bedroom units, 13 revenue-generating parking spaces, and one non-conforming garden unit generating over $11,000 of additional income
  • Clear pathway to adjust rents to market levels through collaboration with tenant organizations

EXECUTIVE SUMMARY

Great multi-family investment opportunity, located in West Ridge, Chicago.

PROPERTY FACTS

Price $2,057,423 CAD
Price Per Unit $205,742 CAD
Sale Type Investment
Cap Rate 7.72%
Gross Rent Multiplier 9.74
No. Units 10
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.17 AC
Building Size 6,000 SF
Average Occupancy 95%
No. Stories 2
Year Built 1963
Parking Ratio 0.7/1,000 SF
Zoning R4, Chicago

AMENITIES

UNIT AMENITIES

  • Balcony

SITE AMENITIES

  • Laundry Facilities

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 10 - 600

PROPERTY TAXES

Parcel Number 14-06-120-003-0000 Improvements Assessment $48,104 CAD
Land Assessment $63,565 CAD Total Assessment $111,669 CAD

MAP

ADDITIONAL PHOTOS

View Photo 2040 W Hood OM 2_3_25 1
View Photo 2040 W Hood OM 2_3_25 4
View Photo 2040 W Hood OM 2_3_25 2
View Photo 2040 W Hood OM 2_3_25 3
View Photo 2040 W Hood OM 2_3_25
View Photo Plat Map

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