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6520 W Gunnison St - Huge 3 Flat in Harwood Heights

3 Unit Apartment Building Offered at $1,284,027 CAD at a 2.82% Cap Rate in Harwood Heights, IL 60706

INVESTMENT HIGHLIGHTS

  • All Brick legal 3 flat
  • All units are 3 bedrooms, 1.1 bathrooms
  • Directly across the street from Ridgemoor Country Club
  • Central Heat and Air Conditioning

EXECUTIVE SUMMARY

This truly unique, all brick, legal 3-unit building on a corner lot situated across the street from the golf course of Ridgemoor Country Club is the perfect investment or for the owner occupied buyer. Building is fully occupied with long term, paying tenants and has room to significantly increase the rents. Each unit has three bedrooms, 1.1 baths, living room, dining room area and eat-in kitchen. Upper two units have balconies. Appliances included are refrigerator, stove with hood and dishwasher. Units have laundry hook up. Tenants supply their own washer/dryer. All units are separately metered for gas and electric and have their own central heat and air conditioner units. Tenants pay all utilities. Owner pays for water which is included in the rent. Wonderful and easily managed turnkey investment.

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $73,402 $15.80
Other Income - -
Vacancy Loss - -
Effective Gross Income $73,402 $15.80
Taxes $18,379 $3.96
Operating Expenses $18,766 $4.04
Total Expenses $37,146 $8.00
Net Operating Income $36,256 $7.80

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income (CAD)
Annual $73,402
Annual Per SF $15.80
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $73,402
Annual Per SF $15.80
Taxes (CAD)
Annual $18,379
Annual Per SF $3.96
Operating Expenses (CAD)
Annual $18,766
Annual Per SF $4.04
Total Expenses (CAD)
Annual $37,146
Annual Per SF $8.00
Net Operating Income (CAD)
Annual $36,256
Annual Per SF $7.80

PROPERTY FACTS

Price $1,284,027 CAD
Price Per Unit $428,009 CAD
Sale Type Investment
Cap Rate 2.82%
Gross Rent Multiplier 18.7
No. Units 3
Property Type
Multifamily
  • Multifamily Apartments
Apartment Style Low Rise
Building Size 4,646 SF
No. Stories 2
Year Built/Renovated 1985/2010
Parking Ratio 1.72/1,000 SF

UNIT AMENITIES

  • Air Conditioning
  • Balcony
  • Dishwasher
  • Washer/Dryer Hookup
  • Ceiling Fans
  • Tile Floors
  • Eat-in Kitchen
  • Kitchen
  • Granite Countertops
  • Hardwood Floors
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Range
  • Tub/Shower
  • Carpet
  • Yard
  • Dining Room
  • Lawn
  • Linen Closet

SITE AMENITIES

  • Fenced Lot
  • Picnic Area
  • Gas Range
  • Public Transportation

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
3+2 3 $2,044 CAD 1,500

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
13-07-422-031-0000
Land Assessment
$13,408 CAD
Improvements Assessment
$70,918 CAD
Total Assessment
$84,326 CAD
Annual Taxes
$18,379 CAD ($3.96 CAD/SF)
Tax Year
2024 Payable 2024

ZONING

Zoning Code R3
R3
  • Listing ID: 24084227

  • Date on Market: 2021-09-13

  • Last Updated:

  • Address: 6520 W Gunnison St, Harwood Heights, IL 60706

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