AIA /// 24 UNITS /// GARFIELD PARK 4156 W Madison St
24 Unit Apartment Building $2,914,161 CAD ($121,423 CAD/Unit) 10.34% Cap Rate Chicago, IL 60624
INVESTMENT HIGHLIGHTS
- (18) APARTMENTS + (6) RETAIL UNITS
- ADDITIONAL RECENT CAPITAL IMPROVEMENTS
- 2 BLOCKS TO TILTON ELEMENTARY, 4 BLOCKS TO GARFIELD PARK & GREEN LINE TRAIN
- PREVIOUSLY GUT REHABBED BUILDING
- AHSAP 35% REDUCED TAX STATUS
- 1/2 MILE TO EISENHOWER 290 EXPRESSWAY & 5 MILES TO CHICAGO LOOP
EXECUTIVE SUMMARY
Apartment Investment Advisers, LLC ("AIA") has been granted the exclusive right to market and sell the subject property.
AIA is a Chicago-based commercial real estate brokerage firm focused exclusively on the marketing and sale of multifamily properties throughout the Chicago metropolitan area. The firm has represented it's clients in the sale of more than 500 apartment buildings totaling in excess of 10,000 apartment units and over $1,000,000,000 in sales volume.
For more information, please contact AIA:
info@aia-chicago.com | aia-chicago.com | 773.799.9299
AIA is a Chicago-based commercial real estate brokerage firm focused exclusively on the marketing and sale of multifamily properties throughout the Chicago metropolitan area. The firm has represented it's clients in the sale of more than 500 apartment buildings totaling in excess of 10,000 apartment units and over $1,000,000,000 in sales volume.
For more information, please contact AIA:
info@aia-chicago.com | aia-chicago.com | 773.799.9299
PROPERTY FACTS
| Price | $2,914,161 CAD |
| Price Per Unit | $121,423 CAD |
| Sale Type | Investment |
| Cap Rate | 10.34% |
| Gross Rent Multiplier | 5.89 |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Building Size | 30,000 SF |
| No. Stories | 3 |
| Year Built | 1921 |
1 of 1
Walk Score®
Very Walkable (74)
Transit Score®
Excellent Transit (72)
Bike Score®
Very Bikeable (70)
PROPERTY TAXES
| Parcel Number | 16-10-424-017-0000 | Improvements Assessment | $328,854 CAD |
| Land Assessment | $16,362 CAD | Total Assessment | $345,216 CAD |
