3748-3756 W Division St
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3748-3756 W Division St
7 Unit Apartment Building $1,509,238 CAD ($215,605 CAD/Unit) 8.39% Cap Rate Chicago, IL 60651
EXECUTIVE SUMMARY
33 Realty is pleased to announce the opportunity to acquire 3748 W Division St a renovated 7 unit mixed-use building in Chicago’s West Humboldt Park neighborhood. The property is located about 5 blocks west from the name sake park at the corner of Division and Hamlin. The property has a unit mix of four (4) two-bedroom, one-bathroom; one (1) two-bedroom, two bathroom units; and two (2) retail spaces. One of the retail spaces is currently occupied by Mimi's Chicken and the other is corner convenience store. The property presents an investor a unique opportunity to acquire a high quality cash flowing asset. Contact the listing agent for more information and to schedule tours.
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$176,020
|
$35.20
|
| Other Income |
$2,488
|
$0.50
|
| Vacancy Loss |
$8,801
|
$1.76
|
| Effective Gross Income |
$169,707
|
$33.94
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$43,102
|
$8.62
|
| Net Operating Income |
$126,605
|
$25.32
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $176,020 |
| Annual Per SF | $35.20 |
| Other Income (CAD) | |
|---|---|
| Annual | $2,488 |
| Annual Per SF | $0.50 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $8,801 |
| Annual Per SF | $1.76 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $169,707 |
| Annual Per SF | $33.94 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $43,102 |
| Annual Per SF | $8.62 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $126,605 |
| Annual Per SF | $25.32 |
PROPERTY FACTS Under Contract
UNIT AMENITIES
- Ceiling Fans
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
SITE AMENITIES
- 24 Hour Access
- Smoke Detector
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Walk Score®
Very Walkable (79)
Bike Score®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Number | 16-02-130-032-0000 | Improvements Assessment | $70,728 CAD (2024) |
| Land Assessment | $8,307 CAD (2024) | Total Assessment | $79,035 CAD (2024) |
PROPERTY TAXES
Parcel Number
16-02-130-032-0000
Land Assessment
$8,307 CAD (2024)
Improvements Assessment
$70,728 CAD (2024)
Total Assessment
$79,035 CAD (2024)
ZONING
| Zoning Code | B3-1 |
| B3-1 |
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3748-3756 W Division St
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