3400 W North Ave
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3400 W North Ave
12 Unit Apartment Building $2,338,825 CAD ($194,902 CAD/Unit) 6.70% Cap Rate Stone Park, IL 60165
Investment Highlights
- 35+ Years of Prideful Ownership on Display
- Located Along Major Retail Corridor
- All Windows Replaced in 2024
- Attractive Unit Mix of All (2) Bedrooms
- High Demand Rental Market & Limited Inventory
Executive Summary
Interra Realty has been exclusively engaged to market for sale the property at 3400 W. North Avenue in Stone Park, Illinois. The subject investment opportunity consists of a twelve (12) unit apartment building with off-street parking. The property is well located along North Avenue, a major retail corridor, offering abundant grocery, dining, and other retail amenities. Additionally, the property is 1.7 miles North of the Bellwood Metra Train Station with direct access to downtown Chicago, approximately 13.5 miles East.
The unit mix comprises twelve (12) two bedroom / one bathroom units. The units are spacious and in good condition. The units are heated via hot water baseboard heat with individual zone valves and cooled with wall A/C units. There is a full basement featuring common laundry, an overhead sewer, and 1:1 storage. Additionally, there are seventeen (17) parking spaces.
The property has been meticulously maintained for 35+ years by a well-established and long term owner. This opportunity presents investors with a well-located asset of all two (2) bedroom units in a high demand rental market.
The unit mix comprises twelve (12) two bedroom / one bathroom units. The units are spacious and in good condition. The units are heated via hot water baseboard heat with individual zone valves and cooled with wall A/C units. There is a full basement featuring common laundry, an overhead sewer, and 1:1 storage. Additionally, there are seventeen (17) parking spaces.
The property has been meticulously maintained for 35+ years by a well-established and long term owner. This opportunity presents investors with a well-located asset of all two (2) bedroom units in a high demand rental market.
Property Facts
| Price | $2,338,825 CAD | Apartment Style | Low Rise |
| Price Per Unit | $194,902 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 6.70% | Building Size | 11,232 SF |
| Gross Rent Multiplier | 8.8 | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1964 |
| Property Subtype | Apartment | Parking Ratio | 1.51/1,000 SF |
| Price | $2,338,825 CAD |
| Price Per Unit | $194,902 CAD |
| Sale Type | Investment |
| Cap Rate | 6.70% |
| Gross Rent Multiplier | 8.8 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 11,232 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1964 |
| Parking Ratio | 1.51/1,000 SF |
Unit Amenities
- Air Conditioning
Site Amenities
- Laundry Facilities
- Storage Space
- Bicycle Storage
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 12 | - | - |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $75,522 CAD | |
| Land Assessment | $9,046 CAD | Total Assessment | $84,568 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$9,046 CAD
Improvements Assessment
$75,522 CAD
Total Assessment
$84,568 CAD
zoning
| Zoning Code | N/Av, Stone Park |
| N/Av, Stone Park |
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3400 W North Ave
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